Standard Chartered and Qatar Airways conclude aircraft financing deal

850 MILLION US DOLLARS FINANCING AGREEMENT SIGNED

(Posted 16th April 2020)

Despite the presently uncertain future for the aviation industry amid the global #COVID19 pandemic, is Qatar Airways pushing ahead with its plans to grow.

Qatar Airways and Standard Chartered have successfully signed a US$ 850 million financing in respect of seven Boeing B787-9 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 Mr. 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 Mr. 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.”

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