Turkish Airlines has successfully completed a “landmark financing" transaction with Bank of China, arranged by Bank of China Turkey.
The five-year facility amounts to 2.9bn Chinese yuan ($412 million). This will support the airline's core development initiatives, including fleet expansion, business growth, the construction of new facilities and infrastructure projects at Istanbul Airport.
The transaction is part of the airline's ongoing efforts to diversify its funding sources.
“We are pleased to deepen our collaboration with Bank of China through this important financing transaction,” said Turkish Airlines CFO Murat Seker.
“As Turkish Airlines continues to pursue sustainable growth and global expansion, we highly value the trust and partnership established with leading international institutions such as Bank of China.
"This cooperation not only strengthens our flag carrier’s financial position but also contributes to the broader economic and cultural ties between Türkiye and China.”
The facility was coordinated by Bank of China Turkey and BOC Macau branch as the lender of the facility.