Turkish Airlines turns to US investors for financing

It is selling bonds to fund plans to double passenger numbers

[ISTANBUL] Turkish Airlines, whose advertisements feature sports stars including Lionel Messi and Kobe Bryant, is turning to US investors to help finance plans to double the number of passengers it carries by 2020.

The company, formally known as Turk Hava Yollari AO, has hired Goldman Sachs Group and Citigroup to sell debt backed by aircraft as it looks to increase its fleet two-fold, three people familiar with the plan said on Friday. The amount of debt to be sold could approach US$1 billion, one...

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