Turkmenistan's central bank said on Feb. 2 it helped finance the purchase of a Boeing 757-200 aircraft for Turkmenistan Airlines valued at $70 million. Turkmenistan Airlines borrowed $48.3 million from the central bank to buy the new plane. The airliner will repay the credit in three years at the fixed annual interest of 3%, the central bank said. The Central Asian state's airliner will use the new jet on some international routes, replacing some of its aging Soviet aircraft. The airline carr
To continue reading...
Start a Trial
Register for a Central Banking trial to access this article. Sign up today and get access to: