Turkish Airlines secures Chinese yuan-denominated aircraft financing outside of China

by The Manila Times

Jul 28, 2024 12:06 am

FLYING to more countries than any other airline, Turkish Airlines has added a new currency to its financing portfolio in line with its natural currency hedging policy and thanks to its diversified revenue structure.

Three Airbus A350 aircraft that joined the flag carrier's fleet between May and July 2024 were financed with Chinese yuan by AVIC International Leasing and CCB Financial Leasing.

Ahmet Bolat is the Turkish Airlines chairman of the board and executive committee. CONTRIBUTED PHOTO

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