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.

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