30-Sep-2009 8:27 AM

Qatar Airways enters into two financing agreement for four new B777s

Qatar Airways secured (29-Sep-2009) two "innovative" financing agreements worth a combined USD700 million for the purchase of four new B777 aircraft due for delivery over the next few months:

The Doha-based airline is on an aggressive expansion drive with more than 220 aircraft worth over USD40 billion currently on order. [more]

Qatar Airways: “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. This clearly demonstrates the finance community’s continued support for Qatar Airways as it forges ahead with robust growth at a time when the rest of the airline industry is consolidating," Akbar Al Baker, CEO. Source: Company Statement, 29-Sep-2009.

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