Turkish Airlines is considering various options, including Sukuk, to raise funds of around $500 million to fund plane orders from 2014. The airline is reportedly considering using Enhanced Equipment Trust Certificates (EETCs) for the first time – financial securities issued by banks under which the airline gets ownership of the planes when the certificates mature, bankers familiar with the negotiations told Reuters.
Turkish Airlines was also considering issuing Sukuk or eurobonds next year to finance its aircraft acquisition plans from 2014, the bankers are quoted as saying………………………………………..Full Article: Source