Tourexpi
Turkish Airlines signs deal with Dubai Islamic Bank for Airbus A350 acquisitions
At
a signing ceremony held at Turkish Airlines’ headquarters in Istanbul, Chairman
Ahmet Bolat emphasized the innovative nature of the deal.
“This
transaction reflects our dedication to financial innovation and to
strengthening our fleet,” he said. “It also marks a new chapter in our
collaboration with leading institutions in the UAE and the wider Gulf region.
We’re proud to have concluded this groundbreaking financing together with DIB
and look forward to expanding our partnership in the years ahead.”
Adnan
Chilwan, Group CEO of Dubai Islamic Bank, commented:
“At
a time when global markets are reevaluating the foundations of sustainable
finance, this agreement clearly demonstrates that Islamic finance has evolved
beyond a niche offering. It is a robust, globally relevant financial model for
the future.”
Chilwan
noted that Turkish Airlines’ decision to adopt Shariah-compliant financing for
the first time—and to partner with DIB—underscores both the strength of Islamic
financial principles and the airline’s trust in DIB’s expertise.
“We
place great value on this collaboration, which not only supports Turkish
Airlines’ long-term growth strategy but also deepens the economic ties between
the UAE and Türkiye,” he added. “This relationship is built on mutual respect,
shared vision, and lasting cooperation.”
Islamic
lease financing in Swiss francs
As
part of its broader effort to diversify funding sources, Turkish Airlines has
completed an Islamic lease financing transaction denominated in Swiss francs
with Dubai Islamic Bank. This marks the inclusion of a globally established
financing method into the airline’s funding portfolio.
The
deal, which took nearly a year to finalize, represents a significant financial
innovation for Turkish Airlines and highlights the growing relevance of Islamic
finance in international aviation.
Image
Credit: © AA
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