Qatar Airways, Qatar Aviation Lease Company and Standard Chartered, through its award winning Aviation Finance team, Pembroke, have successfully closed a Sale and Operating Leaseback transaction for three B777-300ER and five B787-8 aircrafts.
The deal was officially concluded at a ceremony held in Singapore and attended by His Excellency Akbar Al-Baker, Group Chief Executive of Qatar Airways, and Peter Sands, Group Chief Executive of Standard Chartered Plc.
This transaction is the first sale and leaseback transaction entered into by Qatar Airways and was structured and arranged exclusively by Standard Chartered. This transaction highlights the Bank’s commitment to Qatar and its strategy of leveraging its global team and world class innovative financial products to support the international expansion of Qatari corporates and institutions.
“Qatar Airways is a long-standing client of Standard Chartered and we are delighted to have structured and arranged this landmark transaction for the airline. It demonstrates Standard Chartered’s capabilities and commitment to partnering with core clients in the region – something we have been actively doing for over 90 years. We are proud to be supporting Qatar Airways as they expand their fleet to meet increasing air traffic demand across one of the world’s fastest growing regions,” said Peter Sands, Group Chief Executive for Standard Chartered PLC.
For further information please contact:
Head of Corporate Affairs, Doha
Standard Chartered Bank
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On October 30, 2013, Qatar Airways joined the oneworld Alliance, becoming the first Gulf carrier to join a global airline alliance, enabling its customers to benefit from almost 1,000 airports in more than 150 countries, with 14,250 daily departures.
Award-winning carrier Qatar Airways was presented with three honours at the annual Skytrax 2014 World Airline Awards held during the Farnborough Air Show in the UK. The airline was awarded World’s Best Business Class for the second year consecutively, World’s Best Business Class Airline Lounge for the second year consecutively and, Best Airline in the Middle East for the eighth time.
At the Farnborough Air Show, the airline placed an order for 100 Boeing 777X aircraft, taking Qatar Airways’ orders to more than 340 aircraft with a value of US $70 billion. For more information, visit our homepage www.qatarairways.com or our sites on Facebook, Twitter, Google+, Instagram, and YouTube.
For Qatar Airways corporate images, please click here: http://www.qatarairways.com/corporateimages