THY signed a large credit agreement with Bank of China.

Turkish Airlines (THY) has taken a significant step in the field of financing with an important credit agreement made with the Bank of China. The agreement amounts to 2.9 billion Yuan, equivalent to approximately 412 million dollars. This strategic financial support reinforces THY's determination to achieve its sustainable growth objectives.

Improvements in the aviation sector following the global pandemic are combined with the revival of air traffic worldwide. Turkish Airlines’ aim to enhance its competitiveness in the international market, taking advantage of this process, makes this credit agreement even more meaningful. The financing provided by the agreement will make a significant contribution to the implementation of THY's short- and medium-term growth strategies.

Furthermore, this agreement signed with the Bank of China is not just a step to diversify Turkish Airlines' financial resources but also serves as an indication of its efforts to increase its influence in the Asian market. Thus, it is aimed to strengthen THY’s position in the international arena and increase its market share.

In recent years, Turkish Airlines has made investments to not only develop its fleet but also to add new destinations, recording growth in this area. This agreement provides the necessary financing to make the company’s future operations safer and more sustainable. This credit, regarded as a significant step by investors and stakeholders, demonstrates THY's sensitivity to market conditions and its strategic planning capabilities.

In summary, the credit agreement worth 2.9 billion Yuan signed with the Bank of China will strengthen Turkish Airlines’ capital structure and contribute to its sustainable growth. In the upcoming period, the advantages provided by such financing options are expected to continue for THY in both domestic and international markets.