Turkish Airlines announces Private Offering of Enhanced Equipment Trust Certificates

Turkish Airlines announced today the private offering of one tranche of enhanced equipment trust certificates with an aggregate face amount of U.S. $328,274,000 (the “Certificates”). The Certificates will represent an interest in a pass through trust. The trust will use the proceeds from the offering to acquire equipment notes (the “Equipment Notes”) to be issued by Bosphorus 2015 LLC, a newly formed Delaware limited liability company (the “Issuer”), and secured by three new Boeing 777-300ER aircraft scheduled to be delivered in March 2015 and April 2015. The security interest in each of the aircraft will benefit from the protections of the Cape Town Convention on International Interests in Mobile Equipment and the Protocol thereto on Matters Specific to Aircraft Equipment, as enacted in Turkey.

Proceeds from the sale of the Equipment Notes will be used by the Issuer to fund the acquisition of the Boeing 777-300ER aircraft, each of which the Issuer will lease to Turkish Airlines under a separate finance lease agreement.