In a new five-year agreement, Turkish Airlines has secured a multi-million-dollar loan from Bank of China that will partly be used for fleet expansion.
According to the Anadolu Agency, the finance deal is worth 2.9 billion Chinese yuan ($408.5 million) and has been facilitated by Bank of China Turkey, with the Macau branch acting as the lender.
On October 30, 2025, it was announced that the loan would be put towards more aircraft, new facility investments, infrastructure projects at Istanbul Airport (IST), and further growth plans.
Murat Seker, Chief Financial Officer at Turkish Airlines, said: “As Turkish Airlines, we see our trust-based partnerships with leading international institutions such as the Bank of China as a great asset in line with our sustainable growth and global expansion goals. This financing not only strengthens our financial structure but also contributes to the development of economic and cultural ties between Türkiye and China.”
According to Turkish Airlines, the loan marks a new milestone in its strategic plans to diversify financing sources.
The Turkish flag carrier aims to double its fleet to 800 aircraft by 2033. Between 2006 and 2025, its fleet expanded from 100 to 500 aircraft.
In the eight years leading up to 2033, an additional 300 aircraft are expected to join its fleet.
