Turkish Airlines Received Three Financing Awards From ‘Airline Economics’.

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Bengaluru, 14th of September, 2024 : Flag carrier brand received the “European Supported Finance Deal of the Year” and “European Overall Deal of the Year” awards while Turkish Airlines’ Member of the Board and the Executive Committee and Chief Financial Officer (CFO), Assoc. Prof. Murat Şeker won the “European CFO of the Year” award at the ceremony held by “Airline Economics” in London on 9^th September.

Flying to more countries than any other airline, Turkish Airlines is able to extend its financier base geographically by taking advantage of cost efficiency while minimizing currency risks thanks to its diversified revenue structure. Recent addition of a new currency to its financing portfolio with the financing of three Airbus A350 aircraft in Chinese Yuan by AVIC International Leasing and CCB Financial Leasing was deemed worthy of “European Overall Deal of the Year” award.

Furthermore, Turkish Airlines’ financing of two Airbus A350 aircraft with an ECA guaranteed JOLCO structure in Japanese Yen provided by BNP Paribas & Citibank and NTT TC Leasing consortium received “European Supported Finance Deal of the Year” award, showing the airline’s well-established position in the Japanese market since 2007.

Turkish Airlines’ Member of the Board and the Executive Committee, and Chief Financial Officer (CFO), Assoc. Prof. Murat Şeker, was awarded with title of “European CFO of the Year.” This recognition underscores his financial leadership, strategic vision, and deep expertise, which have been central to Turkish Airlines’ sustained growth and success over many years. Assoc. Prof. Şeker’s contributions have not only strengthened the Turkish Airline’s financial health but also have supported its strategic initiatives, enabling the airline to excel in a competitive and volatile market environment. Starting his tenure as CFO of Turkish Airlines in 2016, he has been critical in optimizing financial operations, managing risks, and implementing forward-thinking strategies that have helped the company to achieve significant milestones and maintain its competitive edge on the global stage.

Representing the national flag carrier at the awards ceremony, Assoc. Prof. Murat Şeker said; “I am truly honored to receive these awards and grateful to be a part of the strong Turkish Airlines family. This recognition reflects the hard work and commitment of everyone at the airline and I am confident that the national flag carrier will continue to achieve every step towards its strategic goals.”

Turkish Airlines aircraft financing team achieves one of the lowest financing costs in the airline industry with its experienced staff who has a comprehensive knowledge on a large array of aircraft financing structures. The national flag carrier has been deemed worthy of many financing awards by world-renowned organizations such as ‘Global Transport Finance’ and ‘Airline Economics’, ‘Airfinance Journal’, and ‘Bonds, Loans & Sukuk Turkey’ with its creative financing models, many of which have been implemented for the first time, since 2009.

Turkish Airlines has crowned its success in this regard, as having won 30 international aircraft finance awards in the last ten years for its successful executions amounting to approximately 16 billion USD.

Previous Awards

2024 Airline Economics – Global Lease Deal of the Year Award
2024 Airline Economics – JOLCO Deal of the Year
2024 Airline Economics – Supported Finance Deal of the Year
2023 Airline Economics – Asia-Pacific Lease of the Year
2022 Airfinance Journal – Europe Deal of the Year
2022 Airfinance Journal – Structured Lease Deal of the Year
2022 Airline Economics – Global Lease Deal of the Year Award
2022 Airline Economics – European Lease Deal of the Year
2020 Airline Economics – Lease Deal of the Year (Europe)
2020 Airline Economics – Supported Finance Deal of the Year (Europe)
2019 Bonds, Loans and Sukuk – Transport Finance Deal of the Year (Middle East)
2019 Airline Economics – Supported Finance Deal of the Year
2018 Airline Economics – Lease Deal of the Year
2018 Global Transport Finance – Tax Lease Deal of the Year
2018 Bonds, Loans and Sukuk – Transport Finance Deal of the Year (Middle East)
2017 Airfinance Journal – Tax Lease Deal of the Year
2017 Global Transport Finance – Unique Deal of the Year
2017 Bonds, Loans and Sukuk – Trade & Export Finance Deal of the Year (Middle East)
2017 Bonds, Loans and Sukuk – Transport Finance Deal of the Year (Middle East)
2017 Bonds, Loans and Sukuk – Structured Finance Deal of the Year (Middle East)
2015 Airfinance Journal – Capital Markets Deal of the Year
2015 Airfinance Journal – Tax Lease Deal of the Year
2015 Airline Economics – Editor’s Deal of the Year
2015 Airline Economics – European Deal of the Year
2015 Global Transport Finance – EETC Deal of the Year (Europe)
2015 Bonds, Loans and Sukuk – Trade & Export Finance Deal of the Year (Middle East)
2015 Airfinance Journal – Engine Deal of the Year

Innovations

First airline to secure Chinese Yuan denominated aircraft financing outside of China (2024)
The first ever Itasca Re Insurance Covered Finance Lease (2023)
The first ever ACG Aircraft Financing Solutions (AFS) guaranteed Italian tax lease (2021)
The first ever UKEF guaranteed French tax lease (2020)
The first ever ACG Aircraft Financing Solutions (AFS) guaranteed finance lease (2019)
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 JPY denominated EETC JOLCO (2015)
The first ever US Ex-Im guaranteed French Tax Lease (2015)
The first ever EECA guaranteed Italian tax lease (2014)
The first ever Bond Convertible JPY Ex-Im guaranteed engine lease (2014)
The first ever US Ex-Im guaranteed JPY denominated Convertible Bond (2013)
The first ever EECA guaranteed JOLCO Lease (2011)
The first ever EECA guaranteed Italian Tax Lease in JPY denomination (2014)
The first ever US Ex-Im guaranteed French Tax Lease (2015)
The first ever EECA guaranteed Italian tax lease (2014)
The first ever Bond Convertible JPY Ex-Im guaranteed engine lease (2014)
The first ever EECA guaranteed Italian Tax Lease in JPY denomination (2014)

About Turkish Airlines:

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 462 (passenger and cargo) aircraft flying to 349 worldwide destinations as 296 international and 53 domestics in 130 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.

About Star Alliance:

Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey.

The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.

Overall, the Star Alliance network currently offers 17,500 daily flights to over 1,150 airports in 189 countries. Further connecting flights are offered by Star Alliance Connecting Partner Juneyao Airlines.