Turkish Airlines has finalized a landmark financing deal worth 2.9 billion Chinese Yuan (approximately $412 million) with the Bank of China, marking a major step in the carrier’s long-term growth and international financial diversification strategy.
The five-year facility was arranged by Bank of China Turkey A.Ş. in coordination with the Bank of China Macau branch. The funding will support Turkish Airlines’ key development initiatives, including fleet expansion, business growth, and major infrastructure projects at Istanbul Airport.
According to the airline, the transaction represents not only a significant addition to its financing portfolio but also a strengthening of economic and cultural ties between Türkiye and China, aligning with both nations’ long-term cooperation goals.
Assoc. Prof. Murat Şeker, Turkish Airlines’ Chief Financial Officer and Member of the Board of Directors, described the agreement as a pivotal milestone in the airline’s growth trajectory.
“We are pleased to deepen our collaboration with the Bank of China through this important financing transaction,” Şeker said. “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 financial position but also contributes to the broader economic and cultural ties between Türkiye and China.”
The deal underscores Turkish Airlines’ strategic focus on sustainability, innovation, and resilience, particularly amid global economic shifts and aviation industry challenges. It also forms part of the airline’s broader 2033 centennial goals, which include expanding its fleet to over 800 aircraft, enhancing service quality, and cementing its role as a global aviation connector.
Operating flights to more than 340 destinations across 130 countries, Turkish Airlines continues to position itself as one of the world’s most globally connected carriers. The Bank of China, one of the world’s largest state-owned commercial banks, has increasingly served as a financial partner to Turkish institutions in recent years, further deepening China–Türkiye economic relations.
