Turkish Airlines (THY) has taken a significant step towards expanding its fleet by signing an Islamic financing agreement for the purchase of Airbus A350 aircraft with Dubai Islamic Bank (DIB) for the first time in its history.
Speaking at the signing ceremony held at Turkish Airlines’ Head Office VIP Lounge, Chairman of the Board and Executive Committee Prof. Dr. Ahmet Bolat emphasised that the financing method used in this agreement marks a first for the airline.
“A testament to our commitment to financial innovation”
Prof. Dr. Bolat stated:
“This transaction demonstrates our commitment to financial innovation and our determination to strengthen our fleet. At the same time, it marks the beginning of a new era in our cooperation with leading institutions in the UAE and the Gulf region. We are very pleased to have successfully completed this important financing deal with DIB. Our goal is to further enhance this strategic partnership.”
DIB CEO: “A milestone for the industry”
Dubai Islamic Bank CEO Dr. Adnan Chilwan noted that the agreement is also a first for them and added:
“It is highly meaningful for us to collaborate with a globally leading airline such as Turkish Airlines. This partnership, based on shared goals, reinforces the rising role of Islamic finance in global markets. Turkish Airlines’ decision to use Islamic financing for the first time in its history is a major milestone for the industry. We are proud to contribute to the deepening of economic ties between Türkiye and the UAE.”
Islamic Financial Leasing in Swiss Francs
As part of the agreement, Turkish Airlines has introduced an Islamic financial leasing model in Swiss francs (CHF) into its financing portfolio for the first time. Following nearly a year of preparation, this financing structure not only brings diversity to THY’s global financial strategies but also highlights the growing global relevance of Islamic finance instruments.
