Qatar Airways Signs $360m Loan Deal
Qatar Airways has signed a $360 million financing agreement to acquire six Airbus A320 aircraft, Bahrain Tribune reported Monday.
The first aircraft will join the Qatar Airways fleet later this month, the second in December, with a further four deliveries in April and December next year and July and August 2003.
The deal is structured as a finance lease, with the European Export Credit Agencies supporting 85 percent of the loan and the balance 15 percent being a commercial loan. The lending banks are Barclays Bank, Hypo Vereinsbank and Qatar National Bank.
The airline, according to the daily, has recently announced orders for five new Airbus A330-200s with an option on three further aircraft, as well as becoming a launch customer for the newly developed ultra-large Airbus A380.
From its hub in Doha, the airline now serves a total 28 destinations in Europe, Middle East, the Indian subcontinent and Asia. The airline operates six Airbus A300-600R aircraft on long and medium-haul routes and four Airbus A320s on short-haul services – Albawaba.com