Product Description

KGF provides guarantee to loans with repayments of both flexible and equal installments for airline companies.

Resource for Guarantee

Treasury Undersecretary Funds

Related Financial Institutions / Corporations

KGF shareholder banks, leasing companies of those banks and provided that operating under law no. 6361, other leasing companies & finance companies if they hold KGF share.

Product Maturity

For working capital loan minumum maturity is 6 months, maximum maturity is 5 years, grace period is 1 year.

For investment capital loan minumum maturity is 6 months, maximum maturity is 10 years, grace period is 3 years.

Interests on the grace period shall be collected at least once a year.

Guarantee Limit

60 m TL to firms whose number of aircraft in its fleet lower than 10.

100 m TL to firms whose number of aircraft in its fleet equal to 10 and above.

180 m TL to firms whose number of aircraft in its fleet equal to 20 and above.

Maximum KGF Guarantee Rate

%75

Fees and Commissions

Advance payment made by the beneficiary once for the application fee TRY 5.000.
Guarantee commission at the rate of %1 are taken over the balance guarantee amount each year.

Application Conditions

• Beneficiary should be one of the companies that has authorized to perform commercial air transportation by Republic of Turkey Ministry of Transport, Maritime Affairs and Communications regarding the Turkish Civil Aviation Act dated 14.10.1983, Nr. 2920

• As of the loan application date beneficiary need to have scheduled flight permission.

• Beneficiary should be a commercial aircraft business which operates passenger transportation with its 20 and above seating capacity.