DOHA: Qatar Airways has secured US$850 million in financing from Standard Chartered, pledging seven Boeing 787-9 aircraft as collateral.
Qatar Airways Group CEO Akbar Al Baker said in a statement: “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 bags US$850 million in funding to boost cash flow
“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.”
Qatar Airways serves more than 160 business and leisure destinations, with a fleet of more than 250 aircraft.
