Natixis, BPCE and J.P. Morgan co-arrange Turkish Airlines’ purchase of two B787-9 aircraft
Natixis, BPCE and J.P. Morgan co-arranged the financing of the loans guaranteed by the Export-Import Bank of the United States (EXIM) for Turkish Airlines’ purchase of two Boeing B787-9 aircraft, which were delivered in September and October this year. Natixis, BPCE and J.P. Morgan were lenders in the facility, which was combined with a French Lease for which Natixis and BPCE acted as lease arrangers.
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 360 (passenger and cargo) aircraft flying to 324 worldwide destinations as 272 international and 52 domestic, in 127 countries as of 30 September 2020. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, Twitter, YouTube, LinkedIn, and Instagram.
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $28 trillion of assets under custody and $634 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at http://www.jpmorgan.com
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. For more information, visit www.exim.gov.
Groupe BPCE, with its business model as a universal cooperative bank represented by 9 million cooperative shareholders, is currently the 2nd largest banking group in France. With its 105,000 employees, it serves a total of 36 million customers – individuals, professionals, corporates, investors, and local government bodies – around the world. It operates in the retail banking and insurance sectors in France via its two major Banque Populaire and Caisse d’Epargne banking networks, along with Banque Palatine. With Natixis, it also runs global business lines specializing in Asset & Wealth management, Corporate & Investment Banking, Insurance and Payments. Through this structure, it is able to offer its customers a comprehensive, diversified range of products and services: solutions in savings, investment, cash management, financing, and insurance. The Group's financial strength is recognized by four financial rating agencies: Moody's (A1, outlook stable), Standard & Poor's (A+, outlook negative), Fitch (A+, outlook negative) and R&I (A+, outlook stable).
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