DOHA: Qatar Airways, Qatar Aviation Lease Company and Standard Chartered, through its Aviation Finance team, Pembroke, have closed a sale and operating leaseback transaction for three B777-300ER and five B787-8 aircraft, said Standard Chartered yesterday.
The deal was officially concluded at a ceremony held in Singapore and attended by Akbar Al Baker, Group Chief Executive of Qatar Airways and Peter Sands, Group Chief Executive of Standard Chartered Plc.
This transaction is the first sale and leaseback transaction entered into by Qatar Airways and was structured and arranged exclusively by Standard Chartered. This transaction highlights the bank’s commitment to Qatar and its strategy of leveraging its global team 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 this landmark transaction for the airline. It demonstrates Standard Chartered’s capabilities and commitment to partnering with core clients in the region -something we have been actively doing for over 90 years,” said Peter Sands, Group Chief Executive for Standard Chartered Plc.
The Peninsula
