Turkish Airways wins monetary awards for leasing deal

Turkish Airways has been awarded “Lease Deal of the 12 months Award” by Airline Economics in an awards gala held in Dublin.

The airways additionally received the International Transport Finance’s Plane Tax Lease of the 12 months” by within the awards gala which additionally befell in London, for the financing of its model new B777-Freighter plane delivered in November 2018, with a complete financing quantity of 110 million Euros. The construction is an progressive, advanced and distinctive French Tax Lease.

Commenting on the awards, Turkish Airways Chief Monetary Officer (CFO), Murat Seker stated; “Initially, I want to thank each the Airline Economics and International Transport Finance on behalf of the Turkish Airways household for making us eligible for these two vital awards. We’re delighted to obtain them which topped the rising graph that we now have drawn within the area of plane finance particularly in recent times. Whereas persevering with our works so as to additional enhance this efficiency, which has been awarded many occasions, we’re proud to be accelerating the rising world repute and model worth of Turkish Airways at this level as nicely.”

The construction was organized by Credit score Agricole CIB, one of many largest French banks, the place tax leverage is achieved along with a aggressive mortgage offered by ICBC Monetary Leasing Co. Ltd., a subsidiary of one of many largest Chinese language banks, resulting in a low value of financing for the topic plane.

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