6. Turkish Airlines Continues Global Expansion with New Financing from Bank of China
Turkish Airlines, the carrier that operates flights to the most countries worldwide, has announced the successful completion of a major financing transaction with Bank of China valued at 2.9 billion Chinese Yuan, equivalent to USD 412 million. The agreement, arranged by Bank of China Türkiye A.Ş., provides a five-year facility designed to support the airline’s strategic growth plans, including expanding its fleet and developing new facilities and infrastructure at Istanbul Airport.
This transaction represents an important milestone in Turkish Airlines’ ongoing efforts to diversify its sources of financing and reinforce its commitment to sustainable and globally inclusive growth. The financing, coordinated by Bank of China Türkiye with the participation of BOC Macau as the lender, also reflects continued strengthening of financial cooperation between Türkiye and China in alignment with both countries’ long-term strategic objectives.
Commenting on the agreement, Assoc. Prof. Murat Şeker, Chief Financial Officer and Member of the Board of Directors and Executive Committee of Turkish Airlines, 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 greatly value the trust and partnership established with leading international institutions such as Bank of China. This cooperation not only enhances the financial strength of our national carrier but also contributes to the wider economic and cultural ties between Türkiye and China.”
This transaction underscores Turkish Airlines’ strategic vision of adopting innovative and diversified financing solutions that support its long-term sustainability goals. The airline remains committed to advancing its financial strategy through partnerships with globally respected institutions, reinforcing its leadership in the international aviation industry as it continues to expand its fleet and route network toward its 2033 centennial targets.
