Aircraft
Qatar Airways Finances Four Boeing 777s
Against a backdrop of ongoing financial insecurity in the global banking sector, Qatar Airways announced this week that it has secured two “innovative” fin

Against a backdrop of ongoing financial insecurity in the global banking sector, Qatar Airways announced this week that it has secured two “innovative” financing deals worth a total of $700 million to buy four new Boeing 777s due for delivery over the next few months.

A $350 million finance lease involving a 777-300ER and a 777-200LR followed an agreement with five leading international banks. Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Deutsche Bank AG, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe Limited struck the deal with a 12-year term.