Natixis and Deutsche Pfandbriefbank (pbb) have co-arranged the financing of loans totalling CHF260mn (£177mn) for Turkish Airlines’ purchase of three Airbus aircraft. The facility was backed by German export credit agency Euler Hermes, while pbb acted as co-arranger and sole lender, and Natixis was co-arranger, agent and security trustee.

The financing of two Airbus A330-300 long-range passenger jets and one A330-200F cargo plane was mandated earlier this year, with the transaction for Turkish Airlines closing in April 2015.

Benjamin Sirgue, Natixis global head of aviation, export and infrastructure, says: “It is the third deal Natixis has closed together with pbb for Turkish Airlines. Thanks to the dynamic mindset of the airline’s finance team, Natixis continues to strengthen its relationship with Turkish Airlines by providing innovative structures.”