Turkish Airlines, Europe’s third largest airline by passenger traffic, is considering issuing an Islamic bond, or sukuk, to finance the purchase of aircraft as the carrier expands its fleet two-fold over the coming ten years, the operator’s CEO Temel Kotil said.
“It could be within a one-year period,” Kotil said when asked if the airline would seek to finance its plane purchases with sukuk and when it may issue the bonds. “We didn’t make a decision yet - we’re checking the market to see who is cheaper. When you order these kinds of machines its multibillion of course.”……………………………………….Full Article: Source