Friday, 21 December 2018

Aviation Capital Group to arrange fiance for Turkish Airlines purchase of two 787-9 aircraft


Aviation Capital Group Announces Mandate to Finance Two Boeing 787-9 Aircraft for Turkish Airlines


Aviation Capital Group, a leading aircraft operating lessor, announced this week that it has been mandated by Turkish Airlines to structure, arrange, and provide a guarantee for senior loans to finance a portion of the purchase price of two Boeing 787-9 aircraft. The aircraft are expected to deliver to the carrier in July 2019.

The Turkish Airlines financing mandate was awarded to ACG in connection with ACG’s Aircraft Financing Solutions (“AFS”) program. The AFS program complements ACG’s operating lease business by providing customers with cost-effective aircraft financing. Among operating lessors, ACG believes that it has created a unique aircraft financing program.

“ACG is extremely pleased to have this opportunity to work with Turkish Airlines. The award of a financing mandate from the airline is a notable achievement for our AFS program,” said Bob Roy, managing director of ACG.

“As one of the leading airlines using structured aircraft financing, we are delighted to include the AFS program in our diversified portfolio of different financing types. We look forward to working with ACG in the financing of our two new B787 aircraft with the AFS program which we expect to be a sustainable long-term financing option in our future deliveries,” said Aysegul Denli, Senior Vice President, Finance of Turkish Airlines.

(Photo Turkish Airlines)