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Qatar Airways
has been awarded the Middle East Deal of the Year 2003 accolade at the 24th Annual Airfinance Conference in New York.
This award, from Airfinance Journal, recognises the USD 2.2 billion worth of
financing completed by Qatar Airways during 2003 and specifically two high
profile transactions. The first of these was a predelivery payment facility
with Qatar National Bank for the Airbus A380 super jumbo; the second was an
innovative interest rate swap for a package of thirteen of the airline's A320 and
A330 aircraft provided by Standard Chartered Bank, which converted floating
interest rate financings into fixed interest obligations.
Akbar Al Baker, CEO of Qatar Airways, said, "We are very proud indeed to
receive this award from Airfinance Journal in recognition of our extensive
financing deals recorded last year, the broad relationships we have established
with a diverse group of banks and, in particular, the landmark A380 financing
and our comprehensive interest rate swap". |
