DIB strikes Islamic finance agreement with Turkish carrier: Dubai Islamic Bank (DIB) has signed a 12-year Islamic finance lease agreement with national carrier Turkish Airlines to finance its purchase of a new Airbus A350-941, according to a press release.

A first for the industry: This marks the first shariah-compliant finance agreement signed by Turkish Airlines and also DIB’s first in the aviation industry.

Turkish Airlines 💙 new jets: Turkish Airlines is set to uptake 14 narrow-body jets from US-based lessor Carlyle and Irish lessor Avolon — including Boeing Max and Airbus Neo carriers — to be delivered in 2028. Last month, we heard that a new Boeing order is in the cards, with the airline closing in on an order with the aircraft manufacturer — pending a final price agreement between the two parties, including engine costs. PIF-owned Riyadh-based aircraft leasing firm AviLease inked an agreement with Turkish Airlines for a long-term lease of eight Airbus A320neo jets in April.

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