The carrier has carried out a financing transaction for an Airbus A350 aircraft.
Marking a strategic milestone in the diversification of its funding portfolio, the national flag carrier completed the financing in Swiss francs (CHF) through an Islamic finance structure.
The finance lease structured through an Ijarah arrangement, was signed with Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the United Arab Emirates.
To celebrate the successful closing, Turkish Airlines hosted a signing ceremony at its headquarters in Istanbul.
Commitment
“This transaction demonstrates our commitment to financial innovation and strengthening our fleet while also marking a new chapter in our cooperation with leading institutions in the UAE and the broader Gulf region,” stated Prof. Ahmet Bolat, Chairman of the Board and the Executive Committee, Turkish Airlines.
“This transaction not only supports the airline’s continued growth but also reinforces the growing relevance of Sharia-compliant finance across global markets,” commented Dr. Adnan Chilwan, Chief Executive Officer, DIB Group.
This move is also aimed at strengthening relationships with institutions across the Gulf region and supporting its long-term fleet expansion targets by 2033, the 100th anniversary of the flag carrier, a press communication concluded.
