Qatar Airways secures US$850 million in extended financing deal

QATAR. Qatar Airways has secured an US$850 million aircraft financing deal with Standard Chartered Bank, covering seven Boeing 787-9 Dreamliner aircraft.

Commenting on the agreement, Qatar Airways Group Chief Executive, His Excellency Akbar Al Baker said, “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.”

He added, “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.”

Qatar Airways continues to run repatriation flights from around the world amid the crisis

“We value our partnership with Qatar Airways and are very pleased to close this landmark deal at this difficult time,” said Standard Chartered Bank Chief Executive Bill Winters. “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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