March 21, 2019

THY first to use Balthazar cover

Turkish Airlines (THY) has become the first airline to use the new insurance-backed aircraft financing product Balthazar combined with a French lease for the financing of five A321neo aircraft.

The transaction was arranged by BNP Paribas.

BNP Paribas committed up to $225 million for the five aircraft that are scheduled to be delivered in 2019.