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Qatar Airways Secures $700 Mln to Finance Planes - ASHARQ AL-AWSAT English Archive
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DOHA (AFP) – State-owned Qatar Airways said on Tuesday it has secured two financing deals worth 700 million dollars for the purchase of four new Boeing 777 aircraft due for delivery over the next few months.

BNP Paribas, Deutsche Bank AG, Standard Chartered Bank and Calyon are among the banks that carried out the transaction, the airline said in a statement.

“In these difficult times for the banking sector, I am very pleased to see this group of experienced aviation banks regrouping to support Qatar Airways once again,” Chief Executive Officer Akbar al-Baker said.

The Doha-based airline said it is aggressively expanding with more than 220 aircraft worth over 40 billion dollars currently on order.

Qatar Airways is one of the fastest growing airlines in the world, operating a fleet of 69 aircraft to 82 destinations across Europe, the Middle East, Africa, Asia and North America from its Doha hub.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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