Turkish Airlines has become the first airline outside China to purchase aircraft in Chinese yuan.
The company added a new currency to its financing portfolio, thanks to the income it received from various foreign currencies, and within the framework of risk protection strategies.
Turkish Airlines purchased the three Airbus A350 aircraft, which joined its fleet in May and July, with financing from Chinese companies AVIK International Leasing and CCB Financial Leasing, in Chinese yuan.
As it continues to grow in the Chinese market, the Turkish company has enriched its financing portfolio geographically and in terms of currency, working with leading aircraft financiers in China.
Ahmet Bolat, Chairman of the Board and Executive Committee of Turkish Airlines, explained that this financing method is the first of its kind, and pointed out that this method protects the company from exchange rate pressures.
“We have added a new achievement to our achievements in aircraft financing at Turkish Airlines,” said Polat.
Turkish Airlines has achieved great success by winning more than 30 international financing awards in financing deals worth approximately $16 billion in the past ten years.
