Qatar Airways has signed a new agreement with Qatari banks to provide 4.5bn Qatari riyals ($1.23bn) in strategic financing.
The deal will see banks lend in the local currency through both conventional and Islamic tranches, with commercial terms in line with international benchmarks for a strategic financing transaction of this nature.
The syndication was fully underwritten and led by Qatari National Bank (QNB) Group, which acted as the sole and exclusive bookrunner, global coordinator, initial mandated lead arranger and structuring bank. Lending banks include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, QIB, and QIIB.
“We thank the financial institutions that have played a vital role in shaping our journey, offering support that has helped us reach new millstones," said Qatar Airways CEO Badr Mohammed Al-Meer. "We believe such strong and resilient partnerships remain essential for driving industry innovation and expanding global connectivity.”
QNB Group CEO Abdulla Mubarak Al-Khalifa said: “This appointment underscores QNB's expertise in structuring complex financing solutions and its commitment to supporting the growth objectives of our clients and supporting Qatar National Vision 2030.”
Qatar recently secured its largest ever widebody purchase in May, ordering up to 210 Boeing widebody jets, including 130 firm 787 Dreamliners and 30 777-9s. The company has options for an additional 50 787s and 777X jets. In addition, Al-Meer recently noted that the company was still open to ordering with Airbus.
With the upcoming Paris Air Show and Qatar's presence at the show, another order could be on the horizon.