Turkish Airlines secures first sustainability-linked loan
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“We are confident that this integration will foster our sustainable growth and fleet renewal strategy while contributing to our goal of becoming a carbon-neutral airline by 2050”- Assoc. Prof. Murat Şeker
Turkish Airlines has financed its two A321NEO, new generation aircraft with a multicurrency JOLCO structure containing sustainability linked loan facility.
Structured by Societe Generale, the facility is linked to flag carrier’s achievement of Sustainability Performance Targets (SPTs) with respect to its Key Performance Indicator (KPI) of carbon intensity reduction of its fleet, aligned with international standards for the aviation sector.
On this new development, Turkish Airlines’ Member of the Board and the Executive Committee, and Chief Financial Officer (CFO), Assoc. Prof. Murat Şeker stated; “We are glad to integrate our sustainability endeavors into aircraft finance. We are confident that this integration will foster our sustainable growth and fleet renewal strategy while contributing to our goal of becoming a carbon-neutral airline by 2050.”