Qatar Airways bags award

DOHA — Qatar’s national carrier has bagged the Middle East Finance Deal of The Year Award for the second time in three years at the Annual New York Air Finance Conference, organised by the London-based Air Finance Journal, published by Euromoney Plc.

By From Our Correspondent

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Published: Sat 22 Apr 2006, 10:34 AM

Last updated: Sat 4 Apr 2015, 1:58 PM

The growth of Qatar Airways over the next few years, coupled with rising demand for the latest, state-of-the-art Buyer Furnished Equipment (BFE), means that the airline is investing heavily in new equipment. The award-winning facility will finance over $250 million worth of BFE over a four-year period, in a deal struck last year with BNP Paribas, Citigroup and Qatar National Bank. “The facility was established to finance BFE, comprising items such as galleys, seats and in-flight entertainment bought directly from suppliers, for a fleet of 25 Airbus aircraft”, explains Qatar Airways’ CEO, Akbar Al Baker. “I would like to thank the three banks involved in this deal for their support. We are very pleased to have been working with such a strong group of banks.”

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