Turkish Airlines secures USD 412M from Bank of China to boost fleet growth, expand operations, and strengthen Türkiye–China aviation partnership
Turkish Airlines, the global carrier flying to more countries than any other airline, has completed a landmark financing transaction with Bank of China, arranged through Bank of China Turkey A.Ş. The five-year facility, worth 2.9 billion Chinese Yuan (about USD 412 million), will help fund the airline’s fleet expansion, business growth, and infrastructure projects at Istanbul Airport.
The transaction marks another milestone in Turkish Airlines’ efforts to diversify funding and advance its long-term sustainability goals. Coordinated by Bank of China Turkey with Bank of China’s Macau Branch as lender, the deal also reflects deepening financial cooperation between Türkiye and China.
Assoc. Prof. Murat Şeker, Chief Financial Officer and Member of the Board of Directors and Executive Committee of Turkish Airlines, said the partnership underscores the airline’s commitment to sustainable global growth and strong international collaboration.
The financing aligns with Turkish Airlines’ 2033 centennial vision, which focuses on innovation, expansion, and sustainability. Through partnerships with global institutions, the airline continues to strengthen its position as a leader in international aviation.
At a Glance:
- Facility: 2.9 billion CNY (≈ USD 412M) | Tenor: 5 years
- Arranged by: Bank of China Turkey | Lender: BOC Macau Branch
- Purpose: Fleet, growth, and Istanbul Airport infrastructure
- Focus: Sustainable, diversified financing toward 2033 goals
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