News DeskIstanbul: Turkish Airlines has been awarded the prestigious Sustainable Financing Pioneer Award by aviation finance intelligence provider Ishka, in recognition of a groundbreaking transaction that merges green finance principles with next-generation aircraft investment.
The award honors Turkish Airlines’ innovative use of a sustainability-linked loan structure within a multi-currency JOLCO (Japanese Operating Lease with Call Option) framework for the acquisition of two fuel-efficient Airbus A321neo aircraft. The transaction—arranged by Société Générale—ties financing terms to the airline’s Sustainability Performance Targets (SPTs), particularly its ongoing efforts to reduce carbon intensity across its fleet.
“We are proud to receive this international recognition for incorporating a sustainability-driven financing structure in our aircraft financing strategy,” said Assoc. Prof. Murat Şeker, Member of the Board, Executive Committee, and Chief Financial Officer of Turkish Airlines. “This model not only supports our fleet renewal goals but also reinforces our commitment to achieving carbon neutrality by 2050.”
With a decade-long record of completing $16 billion in aircraft financing deals, Turkish Airlines has previously secured over 30 international accolades from leading institutions such as Airline Economics, Airfinance Journal, and Global Transport Finance. The latest award from Ishka highlights the airline’s pioneering leadership in sustainable aviation finance, setting new benchmarks for the industry.
