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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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