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    Signature(s)

    Amount
    € 499,999,983.41
    Countries
    Sector(s)
    Türkiye : € 499,999,983.41
    Transport : € 499,999,983.41
    Signature date(s)
    8/05/2006 : € 11,608,355.04
    7/06/2006 : € 11,749,040.5
    7/06/2006 : € 11,749,040.5
    12/07/2007 : € 25,000,000
    8/05/2006 : € 67,754,098.95
    10/02/2006 : € 68,018,789.34
    14/02/2006 : € 68,018,789.34
    7/06/2006 : € 68,144,434.87
    7/06/2006 : € 68,144,434.87
    8/09/2008 : € 99,813,000
    Link to source

    Summary sheet

    Release date
    9 November 2005
    Status
    Reference
    Signed | 10/02/2006
    20050104
    Project name
    Promoter - financial intermediary
    Turkish Airlines – Renewal & Expansion
    Türk Hava Yolları A.0. (Turkish Airlines Inc.)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    To be determined
    Approximately EUR 1.5billion
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the acquisition of 36 airbus aircraft as part of the company’s fleet renewal and expansion programme.

    The project aims at increasing efficiency and capacity on air routes to and from Turkey, fostering regional cooperation between Turkey and other countries including the EU.

    Environmental aspects
    Procurement

    The proposed aircraft, like the rest of company’s fleet, comply with all current and likely future international environmental standards on noise and emissions and represent latest state-of-the-art technology. No environmental impact assessment is required for the project, as it would not fall under either Annex I or Annex II of Directive 97/11/EC. Although the increase in air travel creates an additional load to the world environment, the project provides the most efficient solution to minimise this load.

    EU procurement legislation does not apply to the project. The Promoter’s procurement procedures will be reviewed during appraisal.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Link to source

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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