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Turkish Airlines – ECA financing

02 March 2011

A first for the European air market

This landmark deal is the first of its kind in Europe – and the first in Turkey as well. When Turkish Airlines (THY) needed to expand its fleet, JP Morgan teamed with the Export-Import Bank of the United States (US Ex-Im) to provide the airline, the third largest in Europe, with financing. Utilising Ex-Im’s programme for financing the purchase of US-manufactured capital equipment, JP Morgan was able to structure a $1.2 billion facility for THY’s impending purchase of nine Boeing...

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