Turkish Airlines has secured a landmark financing deal worth 2.9 bn Chinese Yuan (approximately $412m) from the Bank of China.
The five-year facility, arranged by Bank of China Turkey A.Ş. and coordinated with the Bank of China Macau branch, will bolster the airline’s key development initiatives, including fleet expansion, business growth, and infrastructure projects at Istanbul Airport.
According to a statement from the airlines, the transaction marks an important step in diversifying its funding sources while reinforcing its commitment to sustainable, inclusive, and globally orientated growth.
The financing agreement also strengthens economic and financial ties between Türkiye and China, aligning with the two nations’ long-term strategic cooperation goals.
Turkish Airlines’ Chief Financial Officer and Member of the Board of Directors, Assoc. Prof. Murat Şeker, described the agreement as a significant development that deepens the airline’s relationship with one of the world’s leading financial institutions.
He said, “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 the 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.”
The deal underscores Turkish Airlines’ strategic vision of leveraging innovative and diversified financial instruments to support its long-term growth agenda. It also highlights the airline’s emphasis on sustainability and resilience amid global economic fluctuations and industry challenges.
Turkish Airlines has operations in more than 340 destinations across 130 countries.
The company said that the funding will also support Turkish Airlines’ broader 2033 centennial goals, which include expanding its fleet to over 800 aircraft, enhancing service quality, and strengthening its role as a key connector in global air travel.
The Bank of China, one of the world’s largest state-owned commercial banks, has been a strategic financial partner to several Turkish institutions in recent years.
