ANKARA: Turkish Airlines became the first airline to secure Chinese yuan denominated aircraft financing outside of China, according to a statement on Wednesday. Three Airbus A350 aircraft that joined the flag carrier's fleet in May-July period are financed in Chinese yuan by China's leading AVIC International Leasing and CCB Financial Leasing. Turkish Airlines Chairman Ahmet Bolat said: "By adding the fifth currency to the variety of currencies used in aircraft financing, we do not only support our currency hedging strategies but also focus on keeping our financing cost at the minimum levels." "Our Chinese business partners' interest and support to this transaction, which was never used outside China before, is an indicator of the mutual trust between the parties as well as the collaboration between our countries." Source: Anadolu Agency
Turkish Airlines secures aircraft financing in yuan, 1st carrier outside of China
News For
RECENT POSTS
Beer Deliveries in Cyprus Rise Domestically, Exports Plummet
October 12, 2026
Cypriot Economy to Maintain 3% Growth Rate Through 2029
October 12, 2026
Cyprus Trade Deficit Expands to £6.3 Billion in Early 2026
October 12, 2026
Cyprus Calls for Equal Participation at COP31 Climate Summit
October 12, 2026
Temperature Report for Cyprus Shows Varied Conditions
October 12, 2026
Cyprus Promotes Halloumi Cheese at Anuga Select India 2026
October 12, 2026
Cyprus and Saudi Arabia Sign Energy Cooperation Agreement
October 12, 2026