DOHA- Qatar Airways (QR) has finalized a QAR 4.5 billion loan agreement with major domestic banks, marking its first such syndication in 28 years. The deal was led by QNB Group and includes key players from Qatar’s banking sector.
The financing, provided in both conventional and Islamic tranches, aims to strengthen the national carrier’s expansion strategy and aligns with Qatar National Vision 2030. The funds will be denominated in Qatari Riyals and structured according to international financial standards.
Photo: Clément AlloingQatar Airways 4.5 Billion QAR Loan
Qatar Airways has signed a QAR 4.5 billion financing facility with leading Qatari banks. QNB Group, Qatar’s largest financial institution, acted as the sole Book Runner, Global Coordinator, and Structuring Bank.
Other participating lenders include Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, Qatar Islamic Bank (QIB), and Qatar International Islamic Bank (QIIB).
This syndication is a significant move for the airline, as it marks a strategic shift towards engaging more closely with national financial institutions.
The financing structure includes both Islamic and conventional tranches, reflecting the diverse capabilities of Qatar’s financial system.
By choosing to borrow in Qatari Riyals, Qatar Airways is not only managing currency risk but also reinforcing confidence in the local currency and financial markets.
Photo: Qatar AirwaysEconomic Development
Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer emphasized the strategic value of this partnership.
He noted that this financing reflects confidence in the operational excellence of Qatar’s banking system and reinforces the airline’s alignment with Qatar National Vision 2030.
The agreement is expected to further support the airline’s fleet and network expansion plans while stimulating broader economic growth.
In response, QNB Group CEO Abdulla Mubarak Al-Khalifa stated that being selected for this role underlines QNB’s expertise in managing complex financial transactions.
He reiterated the bank’s commitment to supporting Qatar’s economic development goals and fostering industry-specific innovations.
Beyond financing, this partnership aims to deepen collaboration between Qatar’s aviation and banking sectors.
Qatar Airways has expressed its intention to leverage this agreement to promote innovative financial models tailored to the aviation industry’s evolving requirements.
The move is designed to enhance national economic resilience and drive cross-sector cooperation.
The airline also reiterated its continued commitment to working with local institutions, further anchoring its position as a national economic pillar.
This agreement could set a precedent for future domestic financing strategies in Qatar’s corporate sector.
Photo: Clément AlloingFleet and Network Expansion
The QAR 4.5 billion loan aligns with Qatar Airways’ strategy to modernize its fleet and expand its global reach.
The airline recently placed a $96 billion order for 160 Boeing aircraft, including 130 Boeing 787s and 30 Boeing 777Xs, to support its goal of increasing passenger capacity from 50 million to 80 million annually by 2030.
This financing deal provides the financial flexibility needed to execute these plans, ensuring Qatar Airways remains a leader in passenger experience and operational efficiency.
The airline’s focus on sustainability, digitalization, and strategic partnerships further strengthens its position in the global aviation industry.
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