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
S&P Upgrade Signals Renewed Confidence in Cypriot Economy, President Affirms
September 19, 2026
UN Mission in Cyprus Cautions Against Hunting in Buffer Zone
September 19, 2026
FM to Accompany President at UNGA and Hold Bilateral and Trilateral Meetings
September 19, 2026
Volunteers Unite for Cleanup of Nicosia Venetian Walls
September 19, 2026
Multinational Exercise “Medusa” Concludes Successfully Off Crete
September 18, 2026