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Qatar
Airways has signed a pre-delivery financing agreement with Qatar National
Bank SAQ for two Airbus A380 'super jumbo' aircraft valued at approximately
USD 120 million.
Qatar Airways is one of the world's fastest growing airlines, serving 48
destinations throughout Europe, Africa, the Middle East and Asia. The A380 will
become Qatar Airways' flagship aircraft and will continue the airline's tradition of
offering the ultimate cabin product to its customers.
The A380 will enter service
with Qatar Airways in early 2009 and will be deployed on long haul routes.
Qatar National Bank is
a leading provider of corporate and retail banking services in Qatar through its extensive domestic branch network and
internationally through its branches in London and Paris. The Bank is a major
provider of structured project and aircraft financings and is fully committed to
support the development and growth of the country's national carrier.
Prime Aviation of London-Gatwick Airport advised Qatar Airways on the
structuring of this transaction. |
