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Travel Radar - Aviation News > News > Aviation > Airline Economics > Turkish Airlines executes an innovative financing transaction for an Airbus A350
Airline EconomicsAirlinesAviation

Turkish Airlines executes an innovative financing transaction for an Airbus A350

Cheryl Ng
Last updated: 30 July 2025 10:02
By Cheryl Ng
3 Min Read
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A Turkish Airlines white and red plane taking off, emphasizing its aerodynamic shape and bold color contrast.
A Turkish Airlines plane taking off. © David Syphers
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Turkish Airlines executed an innovative financing transaction for an Airbus A350 aircraft in Swiss francs (CHF) through an Islamic finance structure.

In innovative financing transaction Turkish airlines and DIB sign the deal for funds to financia Airbus A350 aircraft
Turkish Airlines and DIB ink the financing deal © DIB

Landmark Transaction Nearly a Year in the Making

Turkish Airlines signed an Ijarah arrangement with Dubai Islamic Bank (DIB), the world’s first Islamic bank and the largest in the United Arab Emirates, for an Airbus. The bank will act as a financier for the airline to help it in its acquisition and induction of a new Airbus A350-941 aircraft into its fleet. The transaction is structured through the Ijarah, which will be a 12-year Islamic finance lease.

The transaction progressed for nearly a year, which was achieved by a long-time close collaboration between Turkish Airlines and DIB, incorporating diverse, globally recognised financial instruments into the flag carrier’s funding strategy.

The airline held a signing ceremony at its home hub in Istanbul to celebrate it.

Multiple Turkish Airlines aircraft parked at airport gates, viewed from inside another airplane, with the terminal and control tower in the background.
Turkish Airlines aircraft © Alireza Akhlaghi

Supporting Turkish Airlines’ 2033 Vision with Sustainable Financing

This transaction aligned with the airline’s long-term expansion strategy towards 2033, the 100th anniversary of the airline, especially its commitment to developing innovative, sustainable, and globally inclusive financing solutions.

Turkish Airlines Chairman of the Board and the Executive Committee, Professor Ahmet Bolat, said:

“This transaction demonstrates our commitment to financial innovation and strengthening our fleet while also marking a new chapter in our cooperation with leading institutions in the UAE and the broader Gulf region. We are pleased to have completed this landmark financing in collaboration with DIB and look forward to building on this partnership in the future.”

DIB Group Chief Executive Officer Dr. Adnan Chilwan said:

“The fact they chose Islamic finance for the first time in their history marks a significant milestone for our industry, one we are proud to help shape. This transaction not only supports the airline’s continued growth but also reinforces the growing relevance of Sharia-compliant finance across global markets. We are privileged to partner on this landmark development in the country’s aviation industry further cementing the deep economic ties between the UAE and Türkiye.”

What do you think about airlines embracing Islamic finance? Leave a comment and share your thoughts with us below!

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Cheryl Ng
ByCheryl Ng
Aviation Reporter - A recent graduate with BA Media and Communications, Cheryl is currently pursuing her masters in Digital Journalism at Goldsmiths University. Cheryl's love for travel comes from her fluency in three languages!
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