Qatar secures $500 million investment

Airline bucks credit crisis

Qatar Airways has secured US$500 million worth of investment for the financing of three Boeing 777 aircraft.

The carrier has appointed Calyon and Natixis Transport Finance as joint arrangers for the financing of two recently-delivered Boeing 777-300ERs, while Arab Bank, Arab Bank Europe, Calyon, ING Bank and Natixis Transport Finance will arrange financing of one Boeing 777-200LR aircraft due for delivery in spring 2009.

Qatar Airways CEO Akbar Al Baker said: “In the current financial climate, banks are focusing their liquidity on the strongest airlines. I am very pleased that these banks continue to demonstrate their support for Qatar Airways.”

Source: Routes News

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