Turkish Airlines, the airline with the most destinations in the world, successfully completed an important financing transaction with Bank of China. Coordinated by Bank of China Turkey Inc., the transaction involved a loan of 2.9 billion Chinese Yuan (approximately 412 million USD) with a 5-year maturity, which will support strategic development areas such as the airline’s fleet expansion efforts, growth plans, new facility investments, and infrastructure projects at Istanbul Airport.
The successfully executed financing transaction marks a new milestone in Turkish Airlines’ strategic steps to diversify its sources of funding and also reinforces its commitment to a sustainable and globally inclusive growth vision. Under the coordination of Bank of China Turkey Inc. and with credit provision by the Bank of China Macau branch, this financing strengthens financial cooperation between Turkey and China and aligns with the long-term strategic objectives of both countries.
Commenting on the financing, Turkish Airlines Board Member and Executive Committee Member and Deputy General Manager (Financial) Assoc. Prof. Dr. Murat Εeker stated: “We are pleased to deepen our cooperation with this important financing transaction with Bank of China. As Turkish Airlines, we see the trusted partnerships we have established with leading international institutions like Bank of China as a great value for our sustainable growth and global expansion goals. This financing not only strengthens our financial structure as a flagship carrier but also contributes to the development of economic and cultural ties between Turkey and China.”
The financing transaction once again demonstrates Turkish Airlinesβ strategic vision for innovative and diversified financial solutions that support its long-term sustainability goals. The flagship carrier continues to strengthen its financial strategy through partnerships with reputable global financial institutions and firmly pursues its goal to expand its fleet and flight network by 2033, its 100th anniversary.
