Turkish Airlines has been awarded “Lease Deal of the Year Award” by Airline Economics in an awards gala held in Dublin.
The airlines also won the Global Transport Finance’s Aircraft Tax Lease of the Year” by in the awards gala which also took place in London, for the financing of its brand new B777-Freighter aircraft delivered in November 2018, with a total financing amount of 110 million Euros. The structure is an innovative, complex and unique French Tax Lease.
Commenting on the awards, Turkish Airlines Chief Financial Officer (CFO), Murat Seker said; “First of all, I would like to thank both the Airline Economics and Global Transport Finance on behalf of the Turkish Airlines family for making us eligible for these two significant awards.
We’re delighted to receive them which crowned the rising graph that we have drawn in the field of aircraft finance especially in recent years.
While continuing our works in order to further improve this performance, which has been awarded many times, we are proud to be accelerating the rising global reputation and brand value of Turkish Airlines at this point as well.”
The structure was arranged by Credit Agricole CIB, one of the largest French banks, where tax leverage is achieved together with a competitive loan provided by ICBC Financial Leasing Co. Ltd., a subsidiary of one of the largest Chinese banks, leading to a low cost of financing for the subject aircraft.
