Qatar Airways secures loans for new aircraft

30 September 2009

Qatar Airways has secured two loans worth $700m to buy four new Boeing 777 aircraft due for delivery this year, Reuters has reported. Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Deutsche Bank, Standard Chartered Bank and SMBCE have agreed to a $350m, 12-year finance lease deal for the airline to purchase two new Boeing 777 aircraft, both a 777-300ER and a 777-200LR version. The carrier has also agreed to a $350m deal for the financing of two more new Boeing 777 aircraft. The Boeing 777-300 aircraft is scheduled for delivery this month while the 777-200 version is due to be delivered in November 2009.

You might also like...

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications