Türkiye’s nationwide provider Turkish Airlines (THY) turned the primary airline to safe Chinese yuan-denominated plane financing outdoors of China, based on a press release on Wednesday.
Three Airbus A350 plane that joined the flag provider’s fleet within the May-July interval are financed in Chinese yuan by China’s main AVIC International Leasing and CCB Financial Leasing, the corporate mentioned.
“By adding the fifth currency to the variety of currencies used in aircraft financing, we are not only supporting our currency hedging strategies but also focusing on keeping our financing cost at the minimum levels,” Turkish Airlines Chairperson Ahmet Bolat mentioned.
“Our Chinese business partners’ interest and support to this transaction, which was never used outside China before, is an indicator of the mutual trust between the parties as well as the collaboration between our countries,” he added.
Source: www.dailysabah.com