Turkish Airlines in Talks to Finance Facilities at New Istanbul Airport

ISTANBUL (Reuters) - Turkish Airlines is in talks with 12-13 Turkish and Chinese banks to secure between $800 million and $1 billion in financing to construct its facilities at Istanbul’s new airport, and a deal is almost ready, three sources close to the matter said.

Istanbul’s third airport, which Turkey says will become the biggest in the world, is slated to open on Oct. 29. A total of 10.25 billion euros ($11.96 billion) have been invested in the airport, which will have an initial passenger capacity of 90 million per year.

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