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Qatar Air Gets $500m Loan

Qatar Airways (QA) said yesterdaythat it has secured a $500 million (Dh1,836m) 12-year finance lease from BNPParibas, Bank of Tokyo-Mitsubishi, Deutsche Bank, Standard Chartered Bank andSumitomo Mitsui Banking Corporation Europe for the purchase of three Boeing 777aircraft. The aircraft are scheduled for delivery by the end of this year.

Qatar Airways' Chief ExecutiveAkbar Al Baker said "This financial arrangement shows the confidenceinternational lenders have in Qatar Airways as an airline with a strong visionto grow its international network and strengthen its market presence."


Source: Emirates Business 24/7


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