Turkish Airlines secures Chinese Yuan aircraft financing
Turkish Airlines is the first foreign airline to adopt Chinese Yuan for airline financing.
Three Airbus A350 aircraft that recently joined the fleet are financed in Chinese Yuan by AVIC International Leasing and CCB Financial Leasing.
Turkish Airlines continues to grow in the Chinese market by increasing flight frequencies.
It also has several collaborations with local-based partners in the region
Turkish Airlines Chairman Prof. Ahmet Bolat said; “We are the first airline outside of China to secure Yuan aircraft financing.”
“We not only support our currency hedging but also focus on keeping our financing cost at a minimum.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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