Turkish Airlines has finalised the delivery of one A350-900, with Natixis CIB acting as the lead arranger and debt underwriter for the transaction.
The financing for the aircraft was structured as a Japanese operating lease with call option (JOLCO) and supported by the Balthazar insurance program.
“This complex structure optimises the overall cost of borrowing for Turkish Airlines while achieving a 100% financing solution,” said Deniz Billion, executive director of aviation finance for EMEA.
The aircraft supports Turkish Airlines’ long-term strategy to double its fleet to 800 aircraft over the next decade.