Turkish Airlines secures $412 million financing from Bank of China

Turkey

The five-year facility will be used to fund key initiatives, including fleet expansion

Turkish Airlines has secured a major financing agreement with Bank of China, raising 2.9 billion Chinese Yuan, equivalent to approximately $412 million, to support its long-term growth strategy.

The five-year facility will be used to fund key initiatives, including fleet expansion, operational growth and infrastructure development, particularly at Istanbul Airport.

The deal was arranged by Bank of China Turkey and supported by the bank’s Macau branch, marking a significant step in strengthening financial cooperation between Türkiye and China.

The transaction reflects Turkish Airlines’ strategy to diversify its funding sources while maintaining a focus on sustainable and globally integrated growth.

Company executives highlighted the importance of the agreement in reinforcing the airline’s financial position and supporting its ambitious expansion plans, including targets set for its 2033 centennial.

The partnership also underscores broader economic ties between Türkiye and China, aligning with long-term strategic collaboration between the two countries.

Turkish Airlines continues to explore innovative financing solutions as it expands its global network and modernises its fleet, further strengthening its position as one of the world’s leading carriers.