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Turkish Airlines won the “Lease Deal of the Year Award” at Airline Economics Aviation 100 Global Leaders Awards, and the “Aircraft Tax Lease of the Year” at Global Transport Financ
 
Turkish Airlines won the “Lease Deal of the Year Award” at Airline Economics Aviation 100 Global Leaders Awards, and the “Aircraft Tax Lease of the Year” at Global Transport Financ
Dubai UAE, February 12th, 2019
 
Turkish Airlines has been awarded “Lease Deal of the Year Award” by Airline Economics in the Awards Gala took place in Dublin on the 21st of January. In addition to this, the national flag carrier of Turkey has been also awarded “Aircraft Tax Lease of the Year” by Global Transport Finance in the Awards Gala took place in London on 31st of January, for the financing of its brand new B777-Freighter aircraft delivered in November 2018, with a total financing amount of 110 million Euros. The structure is an innovative, complex and unique French Tax Lease. 
 
Commenting on those awards, Turkish Airlines Chief Financial Officer (CFO), Murat Şeker said; “First of all, I would like to thank both the Airline Economics and Global Transport Finance on behalf of the Turkish Airlines family for making us eligible for these two significant awards. We’re delighted to receive them which crowned the rising graph that we have drawn in the field of aircraft finance especially in recent years. While continuing our works in order to further improve this performance, which has been awarded many times, we are proud to be accelerating the rising global reputation and brand value of Turkish Airlines at this point as well.”
 
The structure was arranged by Credit Agricole CIB, one of the largest French banks, where tax leverage is achieved together with a competitive loan provided by ICBC Financial Leasing Co., Ltd., subsidiary of one of the largest Chinese banks, leading to a low cost of financing for the subject aircraft. Turkish Airlines has tapped the Chinese market in 2016, achieving a steady growth in this market with a financing amount of up to 1.3 billion USD as of today. Turkish Airlines has mandated another 14 aircraft to be delivered in 2019 with a value of 750 million USD to Chinese banks and lessors.
 
Turkish Airlines has had very innovative and first-of-a-kind financing models rewarded by ‘Jane's Transport Finance’, ‘Global Transport Finance’, ‘Airline Economics’, ‘Airfinance Journal’, and ‘Bonds, Loans & Sukuk Turkey’ in respect of its financing models put in practice since 2008. Turkish Airlines has crowned its success in this regard with 23 international aircraft finance awards in the past 10 years for raising 15 billion USD.
 
Previous Awards;
1. 2018 Bonds, Loans & Sukuk Turkey - Transport Finance Deal of the Year
2. 2017 Airfinance Journal - Tax Lease Deal of the Year
3. 2017 Global Transport Finance - Unique Deal of the Year
4. 2017 Bonds, Loans & Sukuk Turkey - Trade&Export Finance Deal of the Year
5. 2017 Bonds, Loans & Sukuk Turkey - Transport Finance Deal of the Year
6. 2017 Bonds, Loans & Sukuk Turkey - Structured Finance Deal of the Year
7. 2016 Airfinance Journal - Capital Markets Deal of the Year
8. 2016 Airfinance Journal - Tax Lease Deal of the Year
9. 2016 Airline Economics - European Deal of the Year
10. 2016 Airline Economics - Editor’s Deal of the Year
11. 2015 Airfinance Journal - Tax Lease Deal of the Year 
12. 2015 Airfinance Journal - Engine Deal of the Year  
13. 2015 Global Transport Finance - EETC Deal of the Year (Europe)
14. 2015 Bonds, Loans & Sukuk Turkey - Trade&Export Finance Deal of the Year
15. 2014 Bonds, Loans & Sukuk Turkey - Structured Finance Deal of the Year
16. 2013 Airfinance Journal - Tax Lease Deal of The Year
17. 2013 Global Transport Finance - Aircraft Leasing Deal of the Year (Europe)
18. 2012 Airfinance Journal - Airline of the Year
19. 2011 Jane’s Transport Finance - Aircraft Debt Deal of the Year (Europe)
20. 2008 Jane’s Transport Finance - Aircraft Leasing Deal of the Year (Europe)
21. 2008 Airfinance Journal - Deal of the Year (Europe)
 
Innovations;
 The first ever BALTHAZAR guaranteed French tax lease (2019)
 The first ever AFIC guaranteed Italian tax lease (2018)
 The first ever SACE guaranteed French tax lease (2018)
 The first ever AFIC guaranteed French tax lease (2017)
 The first ever US Ex-Im guaranteed French tax lease (2015)
 The first ever EETC Jolco (2015)
 The first ever Bond Convertible US Ex-Im guaranteed engine lease (2014) 
 The first ever EECA guaranteed Italian tax lease in JPY denomination (2014)
 The first ever US Ex-Im guaranteed JPY denominated convertible bond (2013)
 The first ever EECA guaranteed Jolco (2011)


Posted by : Dubai PR Network Editorial Team
Viewed 9162 times
PR Category : Travel & Tourism
Posted on : Tuesday, February 12, 2019  4:31:00 PM UAE local time (GMT+4)
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