Qatar Airways and Standard Chartered have successfully signed a $850mn financing in respect of seven Boeing 787-9 aircraft.
This “transaction demonstrates the confidence that the banking market” has in Qatar Airways and also highlights the “strong relationship” between Qatar Airways and Standard Chartered.
Qatar Airways group chief executive HE Akbar al-Baker stated, "I am grateful to Standard Chartered for their continued support to Qatar Airways. The bank has been a close partner of Qatar Airways for many years and have proven their support for the airline by closing this transaction during difficult times resulting from Covid-19.
“Qatar Airways' focus remains on finding solutions to get as many people back to their homes to be with their families and loved ones during these difficult times and this is made possible by the support we have from so many people including our close partners such as Standard Chartered.”
Standard Chartered chief executive Bill Winters stated, “We value our partnership with Qatar Airways and are very pleased to close this landmark deal at this difficult time. At Standard Chartered, we continue to support our clients and communities despite the ongoing challenges with Covid-19 and are proud to have been able to provide Qatar Airways with this financing.”
National carrier Qatar Airways flies to more than 160 business and leisure destinations on board a modern fleet of more than 250 aircraft.
Qatar Airways was the first Gulf carrier to join global airline alliance oneworld, enabling its passengers to benefit from more than 1,000 airports in more than 160 countries, with 14,250 daily departures.
Qatar Airways Cargo, one of the world’s leading international air cargo carriers, serves more than 60 freighter destinations worldwide via its world-class Doha hub and also delivers freight to more than 160 key business and leisure destinations globally on more than 250 aircraft.
The Qatar Airways Cargo fleet includes two Boeing 747-8 freighters, 21 Boeing 777 freighters and five Airbus A330 freighters.
