Turkish Airlines has secured a RMB 2.9 billion (approximately USD 400 million) loan from the Bank of China, marking a milestone in the flag carrier’s ongoing expansion and a strengthening of financial cooperation between Turkey and China.
The five-year facility, jointly arranged by Bank of China Turkey and the Bank of China Macau branch, will finance the airline’s fleet expansion, infrastructure investments, and strategic growth projects at Istanbul Airport, its global aviation hub.
Murat Şeker, Chief Financial Officer of Turkish Airlines, said the agreement demonstrates the airline’s commitment to sustainable growth and financial diversification.
“This partnership with Bank of China reflects our confidence in the long-term prospects of Turkish Airlines and reinforces our commitment to sustainable expansion,” Şeker stated.
The transaction represents one of the largest yuan-denominated financings ever secured by a Turkish company, underscoring the strengthening financial and trade ties between the two nations. It also highlights China’s growing role in cross-border aviation and infrastructure financing.
Market analysts view the deal as a positive sign of investor confidence, emphasizing Turkish Airlines’ solid financial footing and ambition to capture rising demand in the global aviation sector. By tapping into Chinese capital markets, the airline diversifies its funding base and reduces exposure to Western market fluctuations.
With a network spanning over 340 destinations in 130 countries, Turkish Airlines continues to expand its global reach and invest in next-generation aircraft, positioning itself as one of the world’s leading carriers in both size and service quality. Visit www.jocomms.com for more news.
