Turkish Airlines, Bank of China Seal Funding Deal

‍DALLAS — Turkish Airlines (TK) has completed a landmark financing transaction with the Bank of China. The transaction, arranged by Bank of China Turkey A.Ş., is a five-year facility amounting to 2.9 billion Chinese Yuan (equivalent to US$412 million). 

The funds will support TK's core development initiatives, including fleet expansion, business growth, the construction of new facilities, and infrastructure projects at Istanbul Airport (IST).

The airline is calling the transaction a milestone in its ongoing efforts to diversify its funding sources and reinforce its commitment to sustainable, globally inclusive growth. The financing also represents a strengthening of financial cooperation between Türkiye and China, further aligning with both countries’ long-term strategic initiatives.

Turkish Airlines Chief Financial Officer and Member of the Board of Directors and the Executive Committee, Assoc. Prof. Murat Şeker 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 highly value the trust and partnership established with leading international institutions such as the Bank of China. This cooperation not only strengthens our flag carrier’s financial position but also contributes to the broader economic and cultural ties between Türkiye and China.”  

This transaction aligns with TK's strategic vision of embracing innovative, diversified financing solutions that support its long-term sustainability goals. The airline says it remains committed to advancing its financial strategy through partnerships with globally respected institutions, reinforcing its leadership in the global aviation industry as it continues to expand its fleet.