Turkish Airlines has signed a financing agreement worth 2.9 billion yuan (about $410 million) with Bank of China (BOC) Türkiye, the national flag carrier announced on Thursday. The five-year loan will be directed toward expanding the airline’s fleet, supporting growth strategies, and funding new infrastructure and facility projects at Istanbul Airport, according to a company statement.
The transaction, arranged by BOC Türkiye with BOC Macau as the lender, marks a significant step in Turkish Airlines’ ongoing efforts to diversify its funding channels and strengthen its financial resilience. This financing not only reinforces our balance sheet but also contributes to deepening economic and cultural relations between Türkiye and China, said Murat Şeker, Turkish Airlines’ chief financial officer and board member.
In line with its 2023–2033 strategic roadmap, the airline aims to grow its fleet to more than 800 aircraft by 2033. It currently operates 512 planes, including 26 cargo jets. Turkish Airlines has also announced major aircraft orders in recent months — 75 Boeing 787s, 150 Boeing 737 Max jets pending engine talks, and over 200 Airbus aircraft in 2023 — as part of its aggressive expansion drive.
Flying to more countries than any other airline, Turkish Airlines holds the Guinness World Record for “Most Countries Flown to by an Airline,” serving 355 destinations across 131 nations.