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From Scholastica Hir, Makurdi
Turkish Airlines, the national flag carrier of Türkiye, has successfully concluded a landmark financing transaction with the Bank of China, arranged by Bank of China Turkey A.Ş.
The five-year facility, amounting to 2.9 billion Chinese Yuan (approximately USD 412 million), will support the airline’s development initiatives, including fleet expansion, business growth, and the construction of new facilities and infrastructure projects at Istanbul Airport.
The Turkish Airlines Chief Financial Officer and Member of the Board of Directors and the Executive Committee, Assoc. Prof. Murat Şeker disclosed this in a statement made available to Daily Sun on Tuesday.
He noted that the milestone transaction reflects Turkish Airlines’ strategic commitment to diversifying its funding sources while reinforcing its commitment to sustainable globally inclusive growth.
According to him, it also underscores the carrier’s dedication to its vision of building a more connected and inclusive global aviation network.
The facility, coordinated by Bank of China Turkey A.Ş. with BOC Macau Branch as the lender, marks a significant enhancement in bilateral financial cooperation between Türkiye and China.
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The deal aligns with both countries’ long-term strategic initiatives, further reinforcing mutual ties in trade, finance, and infrastructure development.
Speaking on the successful transaction, Assoc. Prof. Şeker stated “We are pleased to deepen our collaboration with Bank of China through this important financing transaction. 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.”
He stated that the transaction highlights Turkish Airlines’ strategic vision of embracing innovative and diversified financing solutions that support its long-term sustainability goals.
He pledged the commitment of the airline to advancing its financial strategy through partnerships with globally respected institutions, reinforcing its leadership in the global aviation industry as it continues to expand its fleet and network toward its 2033 centennial targets.
