Qatar Airways Group signs inaugural Japanese financing agreement with partners HSBC and JP Lease

Qatar Airways Group has achieved a significant milestone in aircraft financing by signing its first Japanese Operating Lease with Call Option (JOLCO) agreement. The transaction, which covers three Boeing 787-9 Dreamliner aircraft, was made possible through the partnership of HSBC and JP Lease Products & Services Co., Ltd. (JLPS).

HSBC serves as the debt arranger and sole lender, while JLPS is responsible for underwriting and arranging the JOLCO equity. This marks the first of three planned transactions under Qatar Airways Group's inaugural JOLCO program in Japan, supporting a total of seven aircraft. The Group's presence in the Japanese aircraft financing market is seen as a major victory, demonstrating its financial strength and credibility to a select group of investors.

Qatar Airways Group's Chief Executive Officer, Hamad Ali Al Khater, expressed his confidence in the JOLCO market as a strategic long-term funding source, emphasizing the Group's commitment to maintaining a consistent presence in this market for future fleet investments and growth opportunities. JLPS President and Chief Executive Officer, Teiji Ishikawa, highlighted the strong creditworthiness of Qatar Airways and the Group's potential for a long-term presence in the Japanese market.

HSBC, meanwhile, expressed its satisfaction in supporting Qatar Airways Group's inaugural JOLCO, emphasizing the importance of partnering with top-tier airline credits and the company's sector expertise in delivering tailored solutions for fleet expansion and diversification of funding sources.