18.10.2012 - Turkish Airlines considering multibillion dollar sukuk issue
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
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