TBM Staff - Mumbai
Turkish Airlines has expanded its financing portfolio by incorporating a new currency, aligning with its natural currency hedging policy. This move is facilitated by the airline’s diversified revenue structure.
The flag carrier has financed three Airbus A350 aircraft, added to its fleet between May and July 2024, in Chinese Yuan through AVIC International Leasing and CCB Financial Leasing.
Turkish Airlines is enhancing its presence in the Chinese market by increasing flight frequencies and forming collaborations with key partners in the region. By engaging with leading aircraft financiers in China, the global airline is enriching its financing portfolio in both currency and geography.
Turkish Airlines Chairman of the Board and Executive Committee, Prof. Ahmet Bolat, remarked on the achievement, “We have added another milestone to our aircraft financing successes by becoming the first airline to secure aircraft financing in Chinese Yuan outside of China. Introducing a fifth currency to our aircraft financing options supports our currency hedging strategies and helps minimise our financing costs. The interest and support from our Chinese business partners, in a transaction unprecedented outside China, highlight the mutual trust and collaboration between our countries. We aim to continue pioneering innovative financing structures in the future.”
With an experienced aircraft financing team, Turkish Airlines has achieved one of the lowest financing costs in multiple currencies within the airline industry. The airline has been recognised annually with various financing awards from prestigious organisations such as Global Transport Finance, Airline Economics, Airfinance Journal, and Bonds, Loans & Sukuk. Over the past decade, Turkish Airlines has received over 30 international aircraft finance awards for its innovative and successful financing models, totalling approximately 16 billion USD.
