Turkish Airlines secures Chinese Yuan denominated aircraft financing

Three Airbus A350 aircraft that joined the flag carrier’s fleet between May and July 2024 are financed in Chinese Yuan by AVIC International Leasing and CCB Financial Leasing.

Turkish Airlines continues 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 is also enriching its financing portfolio in terms of both currency and geography.

Turkish Airlines Chairman of the Board and Executive Committee, Prof. 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. By adding the fifth currency to the variety of currencies used in aircraft financing, we do not only support our currency hedging strategies but also focus on keeping our financing cost at the minimum levels. Our Chinese business partners’ interest and support to this transaction, which was never used outside China before, is an indicator of the mutual trust between the parties as well as the collaboration between our countries. We aim to continue being a pioneer in the market by adding new structures to these successful and innovative financings in the future.”