MSN 1458, 1476,

Turkish Airlines has successfully completed another outstanding and innovative deal with one of its major business partner, BNP Paribas and has been globally awarded for “Tax Lease Deal of the Year 2013” by Airfinance Journal on 22nd May, 2014.

Two A330 financed by Development Bank of Japan (DBJ) and arranged by BNP Paribas under Japanese Operating Lease with Call Option combined with European Export Credit Agencies’ (EECA) guaranteed bank debt (ECA JOLCO) structure is the reason of this pre eminent award.

Turkish Airlines had mandated BNP Paribas as lead arranger and lender of an ECA JOLCO financing structure for two A330 delivered in 20th November and 3rd December 2013, respectively. This transaction features a unique combination of in aggregate a 12 years and 11 months Japanese Equity and a bank debt guaranteed by ECAs fronted by Euler Hermes, the German Export Credit Agency.