Aircraft Finance In Turkey

The Turkish aviation industry and the civil aviation sector have made remarkable progress over the last decade in terms of fleet size, passenger number and profitability. As a consequence of new players' intention to enter this attractive market and the existing players' thirst for growth, aircraft finance has been in high demand these last years. Below you may find the essentials of the Turkish aircraft finance practice from a legal standpoint.

Overview

In Turkey, there is no specific piece of legislation applicable to aircraft finance. Due to various tax advantages that it provides (especially in terms of Valued Added Tax), financial leasing is the most commonly used vehicle in aircraft finance in the Turkish market.