Turkish Airlines secures $408.5M financing from Bank of China

5-year financing to be coordinated by Bank of China Türkiye, with Macau branch acting as lender, to contribute to Türkiye–China economic, cultural ties, says Turkish flag carrier’s chief financial officer

By Kenan Irtak and Emir Yildirim

ISTANBUL (AA) — Turkish Airlines has secured a five-year loan of $408.5 million from Bank of China (BOC) Türkiye, which will be used for fleet expansion, growth plans, new facility investments, and infrastructure projects at IGA Istanbul Airport.

Türkiye's flag carrier, which serves the most countries in the world, has secured landmark financing, marking a new milestone in its strategic efforts to diversify financing sources and reinforcing its commitment to sustainable and inclusive growth, according to its Communications Directorate on Thursday.

The financing is coordinated by BOC Türkiye, with BOC Macau acting as the lender.

Murat Seker, chief financial officer and member of the board at Turkish Airlines, said in a statement that the financing strengthens the financial structure of the flag carrier and contributes to the development of economic and cultural ties between Türkiye and China.

Kaynak:

This news has been read 111 times in total