
Qatar Airways has finalized a major QR4.5 billion ($1.2 billion) loan facility with a consortium of prominent Qatari banks, marking the airline’s first domestically syndicated credit agreement in nearly three decades. The deal, led and fully underwritten by QNB Group, also includes Ahlibank, Commercial Bank, Doha Bank, Dukhan Bank, Qatar Islamic Bank (QIB), and Qatar International Islamic Bank (QIIB).
This financing, structured with both conventional and Islamic tranches, is designed to provide the airline with flexible capital to support its ambitious expansion and modernization plans in line with Qatar National Vision 2030.
The announcement comes as Qatar Airways celebrates its strongest financial performance to date, posting a record net profit of QR7.85 billion ($2.15 billion) for the 2024/25 fiscal year—a 28% increase from the previous year. The airline’s revenue surged to $23.4 billion, propelled by a 7.8% rise in passenger numbers to 43.1 million, robust cargo operations with a 17% revenue increase, and strategic global investments, including stakes in Virgin Australia and South Africa’s Airlink.
The airline’s fleet, now over 230 aircraft strong, is poised for further growth following a historic $96 billion order for 160 Boeing widebody jets, ensuring Qatar Airways remains at the forefront of global aviation innovation and service.
Qatar Airways Group CEO, Engr. Badr Mohammed Al-Meer, highlighted that the loan facility not only reinforces confidence in the Qatari banking sector but also signals a new era of collaboration between national industries. The financing will help fuel the airline’s continued network expansion, technological upgrades—such as the rollout of Starlink WiFi on its Boeing 777 fleet—and future-proofing initiatives across cargo, catering, and duty-free operations.
The move also demonstrates Qatar’s ability to support major strategic investments domestically, reducing reliance on international markets and strengthening the country’s economic resilience.
Looking ahead, Qatar Airways remains optimistic about sustained demand and further growth, with CEO Al-Meer reaffirming the airline’s commitment to operational excellence, industry partnerships, and its pivotal role in positioning Qatar as a global aviation hub.