Turkish Airlines Wins “Leveraged Loan Transaction of the Year” award

Turkish Airlines press release (2024.11.27) Turkish Airlines [Turkish Airlines] Wins “Leveraged Loan Transaction of the Year” award ~Leading the airline industry with innovative financing methods~
https://prcdn.freetls.fastly.net/release_image/30426/86/30426-86-ae8083cd0440a789a0907855114d72a6-3188×1596.jpg Photo from left: CFO Murat Šeker, award plaque, aircraft finance team  Turkish Airlines received the “Leveraged Loan Transaction of the Year” award at the “Global Banking & Markets: CEE, CIS & Türkiye Awards” ceremony held in Istanbul on November 20, 2024. did. This award reiterates the company’s success in adopting innovative financing structures and sustainably expanding its modern fleet.  Turkish Airlines, which flies to the world’s largest number of countries and territories, leverages diverse revenue sources and delivers innovative financing deals that minimize currency risk and ensure cost efficiency. The transaction was arranged by BNP Paribas and supported by Development Bank of Japan (DBJ), with Balthazar insurance-guaranteed financing for the procurement of one Airbus A350 aircraft and UK financing for the procurement of two Rolls-Royce engines. We utilized Export Finance Guarantee (UKEF). Japanese yen-denominated transactions worth a total of $235 million were recently recognized as “Leveraged Loan Transaction of the Year.”  Commenting on receiving the award, Murat Šeker, Chief Financial Officer (CFO) and member of the Board of Directors and Executive Committee of Turkish Airlines, said: “We are very pleased to have achieved this exemplary financing transaction with our business partners and to have been recognized with such a prestigious award. This confirms our success in creating and implementing new methods. We would like to thank all of our business partners for their support in this award-winning transaction and look forward to continued success together.”  Turkish Airlines’ aircraft finance team has extensive knowledge and experience in a wide range of financing structures, enabling us to achieve the lowest financing costs in the airline industry. Since 2009, the company has won numerous finance awards from global institutions such as Global Transport Finance, Airline Economics, Airfinance Journal, Bonds, Loans & We have a track record of winning 30 international aircraft finance awards for our transactions. Past awards 2024 Airline Economics – European Supported Finance Transaction of the Year (Europe) 2024 Airline Economics – European Comprehensive Trade of the Year (Europe) 2024 Airline Economics – Global Lease Transaction of the Year Award 2024 Airline Economics – JOLCO Transaction of the Year 2024 Airline Economics – Supported Finance Transaction of the Year 2023 Airline Economics – Asia Pacific Lease of the Year 2022 Airfinance Journal – European Deal of the Year 2022 Airfinance Journal – Structured Lease Transaction of the Year 2022 Airline Economics – Global Lease Transaction of the Year Award 2022 Airline Economics – European Lease Transaction of the Year 2020 Airline Economics – Lease Transaction of the Year (Europe) 2020 Airline Economics – Supported Finance Transaction of the Year (Europe) 2019 Bonds, Loans and Sukuk – Transportation Finance Transaction of the Year (Middle East) 2019 Airline Economics – Supported Finance Transaction of the Year 2018 Airline Economics – Lease Transaction of the Year 2018 Global Transport Finance – Tax Lease Transaction of the Year 2018 Bonds, Loans and Sukuk – Transportation Finance Transaction of the Year (Middle East) 2017 Airfinance Journal – Tax Lease Transaction of the Year 2017 Global Transport Finance – Unique Transaction of the Year 2017 Bonds, Loans and Sukuk – Trade and Export Finance Transactions of The Year (Middle East) 2017 Bonds, Loans and Sukuk – Transportation Finance Transaction of the Year (Middle East) 2017 Bonds, Loans and Sukuk – Structured Finance Transaction of the Year (Middle East) 2015 Airfinance Journal – Capital Market Transaction of the Year 2015 Airfinance Journal – Tax Lease Transaction of the Year 2015 Airline Economics – Editor’s Award Trade of the Year 2015 Airline Economics – European Trade of the Year 2015 Global Transport Finance – EETC Transaction of the Year (Europe) 2015 Bonds, Loans and Sukuk – Trade and Export Finance Transactions of The Year (Middle East) 2015 Airfinance Journal – Engine Trading of the Year Innovative examples so far ・ Achieved renminbi-denominated aircraft financing for the first time outside China (2024) ・ World’s first: Itasca Re insurance guaranteed finance lease (2023) ・ World’s first: Italian tax lease with ACG Aircraft Financing Solutions (AFS) guarantee (2021) ・ World’s first: French tax lease with UK Export Finance Guarantee (UKEF) (2020) ・ World’s first: ACG Aircraft Financing Solutions (AFS) guaranteed finance lease (2019) ・ World’s first: French tax lease with BALTHAZAR guarantee (2019) ・ World’s first: Italian tax lease with AFIC guarantee (2018) ・ World’s first: French tax lease with SACE guarantee (2018) ・ World’s first: French tax lease with AFIC guarantee (2017) ・ World’s first: Japanese yen-denominated EETC JOLCO (2015) ・ World’s first: French tax lease with US Ex-Im guarantee (2015) ・ World’s first: Italian tax lease guaranteed by the European Export Credit Agency (EECA) (2014) ・ World’s first: Japanese yen-denominated convertible bond engine lease guaranteed by the U.S. Export-Import Bank (2014) ・ World’s first: Italian tax lease denominated in Japanese yen guaranteed by European export credit agency (2014) ・ World’s first: Japanese yen-denominated convertible bond guaranteed by the U.S. Export-Import Bank (2013) ・ World’s first: JOLCO lease guaranteed by European export credit agency (2011) About Turkish Airlines Turkish Airlines was founded in 1933 as the flag carrier of Türkiye. Currently, it owns 487 aircraft (passenger and cargo), and with an extensive network of 349 airports in 130 countries around the world, 296 international routes, and 53 domestic routes, it is the airline that serves the world’s largest number of countries. Turkish Airlines official website (Japanese only): https://www.turkishairlines.com/ Official Facebook (Japanese version):  
https://www.facebook.com/turkishairlines.jp/ Official Twitter account (Japanese version): @thyjapan  https://x.com/thyjapan *From February 2014, Turkish Airlines changed its name to “Turkish Airlines”. In the future, we will aim to further expand our global business and improve customer satisfaction. About Star Alliance Star Alliance was established in 1997 as the world’s first airline alliance, seamlessly providing a wide range of services to travelers around the world. We have received high recognition in the industry, including winning the Air Transport World Market Leadership Award and being named Best Airline Union by Business Traveler Magazine and Skytrax. Current member airlines are Adria Airways, Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian Airlines, Avianca, Avianca Brasil, Brussels Airlines, Copa Airlines, Croatia. Airlines, EgyptAir, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Portuguese Airlines, Turkish Airlines, Thai Airways International, United Airlines. More than 19,000 flights are operated daily to more than 1,300 airports in 194 countries around the world. Star Alliance also offers connecting flights with its connecting partner Shanghai Juneyao Airlines. For more
information https://www.staralliance.com/ja/ Please take a look.