Turkey’s flag carrier is weighing plans to tap international debt markets, according to two people with knowledge of the matter.
Istanbul-based Turkish Airlines sent a request for proposals to banks for options including a conventional bond or sukuk, the people said, asking not to be identified because the plans aren’t public. The debt is likely to have a maturity of five-to-ten years, they said.a
A spokesman for Turkish Airlines didn’t immediately respond to requests for comment.
The airline last month moved its base to the new $11bn Istanbul airport. The transfer by Europe’s fifth-largest carrier was delayed several times in recent months because of the complexity of starting a facility designed to eventually handle 200mn passengers a year – roughly triple Ataturk’s current traffic.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Fitch affirms QIIB rating at ‘A’ with a stable outlook
QIB 9-month net profit jumps 11% to QR2.22bn
Unlocking aviation’s economic value vital for global prosperity
ME banks must comply with AML/CFT legislation, says Doha Bank CEO
Race for Commerzbank’s polish unit attracts foreign interest
GM and UAW union reach tentative deal to end strike
Tata looks for Jaguar Land Rover partners, but rules out unit’s sale
Indonesia, South Korea set to sign bilateral trade deal