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.
People take pictures of Turkish Airlines planes from a terrace of the Ataturk Airport in Istanbul on April 4. The Istanbul-based carrier has sent a request for proposals to banks for options including a conventional bond or sukuk, according to two people with knowledge of the matter.
