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Posted On: 30 September 2009 10:56 am
Updated On: 12 November 2020 02:10 pm

Qatar Airways secures $700m for Boeing deal

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Qatar Airways has secured two financing deals worth a total of $700m for the purchase of four new Boeing 777 aircraft due for delivery over the next few months. A $350m finance lease deal to purchase two new Boeing 777 aircraft — both a 777-300ER and a 777-200LR version – followed an agreement with five leading international banks. One Boeing 777-300 Extended Range aircraft is scheduled for delivery this month and one 777-200 Long Range version is due to be delivered in November 2009. Following a highly successful $500m aircraft financing transaction for Qatar Airways arranged by the same group of banks last year, the group was keen to work again with the airline on a follow-on transaction.