Turkish Airlines Triumphs at Airline Economics Awards in Dublin

Turkish Airlines, a renowned global airline, has recently made headlines by winning three prestigious awards at the Airline Economics Aviation 100 ceremony in Dublin. The awards, which celebrate the airline's innovative financing strategies, included the "Global Lease Deal of the Year," "JOLCO Deal of the Year," and "Supported Finance Deal of the Year."

The ceremony, held on January 29th, recognized Turkish Airlines for its exceptional financial management and recovery during the pandemic. This accomplishment highlights the airline's remarkable resilience and strategic decision-making, positioning it as a leader in the global aviation industry.

Turkish Airlines was lauded for its innovative financing of approximately $900 million for the acquisition of eight new generation aircraft. These deals involved various financing parties and structures, demonstrating the airline's expertise and creativity in aircraft finance.

The "Global Lease Deal of the Year" involved a French Tax Lease supported by USEXIM Bank, with Natixis, JP Morgan, and BPCE. For the "JOLCO Deal of the Year," the airline executed a multicurrency JOLCO supported by the European Export Credit Agency, with HSBC and ABL Aviation. The "Supported Finance Deal of the Year" was a groundbreaking Itasca Re Insurance Covered Financing, arranged by Crédit Agricole CIB and ING Capital LLC.

Turkish Airlines has a distinguished history of accolades, with 29 international aircraft finance awards over the past decade, affirming its financial acumen in executing deals totaling approximately 16 billion USD.

For travelers, especially those in the business sector, these achievements are indicative of Turkish Airlines' commitment to offering high-quality, efficient, and sustainable air travel. The airline's success in securing innovative financing deals not only ensures its robust fleet expansion but also reflects its dedication to enhancing the travel experience while maintaining financial stability.

As Turkish Airlines continues to innovate and excel in aircraft financing, it sets a high standard in the aviation industry, promising a future where travel is not only a matter of convenience but also a testament to financial and environmental responsibility.