Turkish Airlines (THY) became the first airline to use the “Sompo Axis Aviation Finance Insural” (Saafi) product in the financing of its new aircraft.
THY pioneered the first financing structure of the use of Aviation Finance product of Saafı’s insurance guaranteed aviation financing product.
The agreement, which was announced at the signing ceremony held in Tokyo, is the first in the field of aviation financing in terms of the first time the Saafı product offered to the market for the first time this year.
Within the scope of the agreement, the Airbus A350-900 and Airbus A321-271NX will participate in the THY fleet for the financing of JP Lease Japanese Capital supply, while the Sumitomo Mitsui Banking Corporation (SMBC) will participate as a kreditör.
The loan will be guaranteed by the 100 percent insurance guarantee aviation financing provided by Sompo and AXIS of Saafı insurance organizations. This financing structure will combine with the Japanese equity financial leasing model to reduce the total financing costs of THY significantly.
Turkish Airlines Assistant General Manager and Board of Directors and Assoc. Dr. Murat Şeker said that they are very pleased to be the launch customer of the Saaf product.
Şeker, “Our insurers Sompo and AXIS, our insurance broker Willis and our reliable business partners for many years SMBC and JP Lease’s contributions of this innovative financing model. As THY, we will continue to contribute to the development of innovative solutions that support our fleet renovation and growth strategies. We reinforce. ” his statements were included.
“THY will be the first customer to benefit from this capacity”
Sompo Financial and Political Risks Insurer Tim Gaul stated that they have gained a significant expertise in the field of insurance guaranteed aviation financing by taking part in more than 120 aircraft financing in 8 years. evaluated.
AXIS Senior Insurer Richard Jelf said that they are proud of being the first user of THY’s first user, and that this product is an important innovation that strengthens AXIS’s product range in the field of insurance guaranteed aviation financing.
Stuart Ashworth, General Manager of Financial Solutions, said that their first bliss for THY is a solution that supports a dynamic and visionary airway.
