Doha: Qatar Airways and Standard Chartered, through its award-winning aviation finance arm, Pembroke, have successfully closed a sale and operating leaseback transaction for eight A320-200 aircraft.
The first four aircraft were delivered on April 28 and the remaining four aircraft will be delivered by November this year. This transaction is the second sale and leaseback transaction entered into by Qatar Airways with Standard Chartered, and structured and arranged exclusively by the bank. It follows the sale and leaseback transaction announced in September 2014 for five B787-8 aircraft and three B777-300ER aircraft.
This recent transaction highlights the bank’s commitment to Qatar and its strategy of leveraging its global network and world class innovative financial products to support the international expansion of Qatari corporates and institutions.
“Qatar Airways is a long-standing client of Standard Chartered and we are delighted to have structured and arranged another sale and leaseback transaction for the airline. We are proud to be supporting Qatar Airways as they expand their fleet to meet increasing air traffic demand across one of the world’s fastest growing regions,” said Kieran Corr, Head, Aviation Finance at Standard Chartered.
The Peninsula
