Awarded for its innovative sustainability-linked loan structure for two Airbus A321neo Aircraft
Turkish Airlines has been presented with the Sustainable Financing Pioneer Award by Ishka, recognizing its landmark transaction that, for the first time, integrated a sustainability-linked loan structure into a multi-currency JOLCO financing model for the acquisition of two next-generation, fuel-efficient Airbus A321neo aircraft.
This innovative transaction, arranged by Societe Generale, links the financing terms to Turkish Airlines’ Sustainability Performance Targets (SPTs), particularly the goal of reducing carbon intensity across its fleet.
Commenting on the award, Assoc. stated: renewal and growth objectives but also reinforces our long-term commitment to becoming a carbon-neutral airline by 2050,” remarked Prof. Murat Şeker, Turkish Airlines’ Member of the Board and the Executive Committee, and Chief Financial Officer (CFO).
With a strong track record of executing aircraft financing transactions totaling approximately US$ 16bn in the last ten years, Turkish Airlines has received over 30 international awards from prestigious organizations.
