Qatar Airways and Standard Chartered have successfully signed a US$ 850 million financing in respect of seven Boeing 787-9 aircraft. This transaction demonstrates the confidence that the banking market has in Qatar Airways and also highlights the strong relationship between Qatar Airways and Standard Chartered.
Qatar Airways Group Chief Executive His Excellency Mr. Akbar Al Baker stated, "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. 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."
Standard Chartered Chief Executive Mr. Bill Winters stated, "We value our partnership with Qatar Airways and are very pleased to close this landmark deal at this difficult time. At Standard Chartered 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."
Qatar Airways Cargo has increased services around the world, operating freighters and freight-only passenger aircraft to ensure the continuity of global trade and transportation of essential supplies to where they are needed during this critical time.
In the past month, the airline has transported over 50,000,000kg of medical and aid supplies to impacted regions around the globe. This equates to roughly 500 fully loaded Boeing 777 freighters.
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