Qatar Aviation Lease to syndicate revolving facility

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Qatar Aviation Lease Company has launched the syndication process of a $650 million revolving facility.

The leasing company, established to purchase aircraft and lease them to Qatar Airways, currently has three aircraft in its portfolio: one Boeing 777-200LR, one Airbus A320-200 and one A321-200.

The three-year revolving facility has been fully underwritten by agents Deutsche Bank and Standard Chartered.

The loan is to be used for future aircraft financing purpose.