Turkish Airlines mandates Sompo AXIS Aviation Finance Insurance product

Under the terms of the mandate, JP Lease will arrange equity and Sumitomo Mitsui Banking Corporation (SMBC) will provide the debt to Turkish Airlines for the delivery of one A350-900 and one A321-271NX aircraft (both expected in 2026).  SMBC’s loan is supported 100% with an ANPI policy provided by the SAAFI insurers, Sompo and AXIS.  This use of the SAAFI ANPI product in connection with a Japanese Operating Lease with Call Option (JOLCO) structure has allowed Turkish Airlines to significantly lower its all-in cost of financing. 

"We are pleased to be the launching customer of “SAAFI” with the support of our valued insurers Sompo and AXIS, Insurance broker Willis, our long-term business partners SMBC and JP Lease. As Turkish Airlines, we are committed to participate in the development of innovative solutions that support our growth and fleet renewal strategies. With financing models like SAAFI, we not only enhance our financial flexibility and resilience but also reinforce our leadership in the industry,” said Assoc. Prof. Murat Şeker, Turkish Airlines chief financial officer and member of the board and the executive committee.