Goodrich forms joint venture for aircraft services in Turkey near Istanbul airport

Goodrich in Turkish aircraft services venture

CHARLOTTE, N.C. — Goodrich Corp. said Thursday that it has formed a joint venture with a Turkish company to establish an airplane service center near Istanbul.

The center, to be run by Goodrich and Turkish Technic Inc., will work on thrust reversers, nacelles and other plane components. A major client is expected to be Turkish Airlines, which has a fleet of Airbus and Boeing passenger planes.

Goodrich said the facility will be near Istanbul’s international airport and will employ about 20 people, expanding to about 70 over the next 10 years. It will be operational in the first quarter of 2011.

Goodrich shares dropped 88 cents to $68.34 in midday trading.