Boeing and Qatar National Bank (QNB) are leading the way in growing Qatar’s aircraft financing sector, hosting a recent aircraft financier and investor roundtable in Doha.
The roundtable in Doha brought together representatives from financial institutions in Qatar and the Gulf Cooperation Council (GCC) region to discuss the current aircraft finance market, forecast airplane deliveries and to learn more about aircraft financing.
The Middle East’s banks and financial institutions have been financing the region’s airlines as they steadily grow their fleets.
Boeing Capital Corporation (BCC), the aerospace manufacturer’s financing arm, has been active in encouraging regional aircraft financing. Ahsen Rajput, BCC’s regional deputy managing director, said local aircraft financing has grown significantly over the past few years and now supports more than half of the Middle East’s airplane deliveries.
“Boeing has an enduring relationship with the Middle East and we continue to work with partners such as QNB to ensure local banks and financial institutions are well placed to participate in aircraft financing,” Rajput said.
Yousef Mahmoud Al-Neama of QNB said financial institutions in Qatar and the GCC region have been more proactive in aircraft investments. That’s why the bank was keen to host a roundtable on the subject and work with stakeholders to create more complex vehicles for financing aircraft.
