Turkish Airlines completes financing of two A350s in Swiss Franc

Two new-generation A350 aircraft that joined Turkish Airlines fleet in August 2024 are financed in Swiss Franc by KfW IPEX-Bank.

Turkish Airlines A350. Image: Turkish Airlines

This is under the guarantee of European Export Credit Agencies.

Turkish Airlines’ chief financial officer and Member of the Board and the Executive Committee, Assoc. Prof. Murat Şeker said: “This landmark deal between Turkish Airlines and KfW IPEX-Bank reaffirms our commitment to long-term sustainability goals by modernising our fleet with new-generation aircraft. We are pleased to strengthen our cooperation with KfW IPEX-Bank through this CHF currency transaction, which aligns with our diversification strategies in aircraft financing. We look forward to continuing our successful partnership with KfW IPEX-Bank.”

Sebastian Blum, Global Head of Mobility at KfW IPEX-Bank added: “We are happy to continue and strengthen the long-lasting relationship with our customer Turkish Airlines. Supporting our client’s fleet modernisation fits very well with our ambition to contribute to the transformation in mobility in Europe and worldwide.”