Turkish Airlines signs deal with Dubai Islamic Bank for Airbus A350 acquisitions

International

Turkish Airlines has signed a landmark financing agreement with Dubai Islamic Bank (DIB) to fund the purchase of Airbus A350 aircraft, marking a significant step in its financial and strategic growth.

At a signing ceremony held at Turkish Airlines’ headquarters in Istanbul, Chairman Ahmet Bolat emphasized the innovative nature of the deal.

“This transaction reflects our dedication to financial innovation and to strengthening our fleet,” he said. “It also marks a new chapter in our collaboration with leading institutions in the UAE and the wider Gulf region. We’re proud to have concluded this groundbreaking financing together with DIB and look forward to expanding our partnership in the years ahead.”

Adnan Chilwan, Group CEO of Dubai Islamic Bank, commented:

“At a time when global markets are reevaluating the foundations of sustainable finance, this agreement clearly demonstrates that Islamic finance has evolved beyond a niche offering. It is a robust, globally relevant financial model for the future.”

Chilwan noted that Turkish Airlines’ decision to adopt Shariah-compliant financing for the first time—and to partner with DIB—underscores both the strength of Islamic financial principles and the airline’s trust in DIB’s expertise.

“We place great value on this collaboration, which not only supports Turkish Airlines’ long-term growth strategy but also deepens the economic ties between the UAE and Türkiye,” he added. “This relationship is built on mutual respect, shared vision, and lasting cooperation.”

Islamic lease financing in Swiss francs

As part of its broader effort to diversify funding sources, Turkish Airlines has completed an Islamic lease financing transaction denominated in Swiss francs with Dubai Islamic Bank. This marks the inclusion of a globally established financing method into the airline’s funding portfolio.

The deal, which took nearly a year to finalize, represents a significant financial innovation for Turkish Airlines and highlights the growing relevance of Islamic finance in international aviation.