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Qatar Airways raises half-billion for new 777s

18th December 2008 - 19:29 GMT | by The Shephard News Team


Qatar Airways has raised $500 million in finance to acquire three new Boeing 777s - two recently delivered -300ERs and a -200LR due for delivery in the spring.
“In the current financial climate banks are focusing their liquidity on the strongest airlines,” says Qatar chief executive Akbar Al-Baker. “We have built up a strong reputation in the international marketplace with a solid long-term growth strategy that can weather any crisis.”
Qatar currently has four 777s in the fleet. Its -300ERs are configured with 335 seats – 42 in business, 293 in economy. Arranged 2-2-2, the business seats are set at 78in pitch and convert to fully flat beds, with the airline’s Oryx Entertainment IFE service delivered through Panasonic’s eX2 system feeding 15.4in screens. In the economy cabin the seats are arranged 3-3-3, set at pitches of up to 34in and featuring a 10.6in screen and, as in business class, laptop power.
The first of the airline’s 777-200LRs will have 42 seats in business and 193 in economy and will be deployed on Doha-Houston, which at 17hr is one of the longest airline flight durations in the world.
Qatar has ordered a total of 32 777s – 14 -300ERs, six -200LRs and seven -200 freighters – and has a further five on option. It has also contracted for 80 Airbus A350s and five A380s, and 60 Boeing 787s.

The Shephard News Team


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