FLYING to more countries than any other airline, Turkish Airlines has added a new currency to its financing portfolio in line with its natural currency hedging policy and thanks to its diversified revenue structure.
Three Airbus A350 aircraft that joined the flag carrier’s fleet between May and July 2024 were financed with Chinese yuan by AVIC International Leasing and CCB Financial Leasing.
On its success journey from boutique to the top, Turkish Airlines continued to grow in the Chinese market by increasing flight frequencies and several collaborations with valued partners in the region.
By working with leading aircraft financiers in the Chinese market, global airline also enriched its financing portfolio in terms of both currency and geography.
Turkish Airlines Chairman of the Board and Executive Committee Ahmet Bolat stated: “As Turkish Airlines, we have added another achievement to our successes in aircraft financing by becoming the first airline to secure aircraft financing in Chinese yuan outside of China. We aim to continue being a pioneer in the market by adding new structures to these successful and innovative financings in the future.”
With its experienced aircraft financing team, Turkish Airlines has not only achieved one of the lowest financing costs in multiple currencies in the airline industry but has also been recognized annually with various financing awards from globally renowned organizations.
