Qatar Airways Group Signs Inaugural Japanese Financing Agreement with Partners HSBC and JP Lease
Qatar Airways Group has marked a major milestone in aircraft financing with the signing of its inaugural Japanese Operating Lease with Call Option (JOLCO) transaction, covering three Boeing 787-9 Dreamliner aircraft.
Key Highlights
- Qatar Airways Group has completed its first Japanese Operating Lease with Call Option (JOLCO) financing transaction, covering three Boeing 787-9 Dreamliner aircraft.
- HSBC acted as the debt arranger and sole lender, while JP Lease Products & Services Co., Ltd. (JLPS) arranged and underwrote the JOLCO equity.
- This is the first of three planned JOLCO transactions in Japan that will support financing for a total of seven aircraft.
- The deal marks Qatar Airways Group's entry into the Japanese aircraft financing market, expanding its access to Asian capital and investors.
Strategic Importance
- The transaction diversifies Qatar Airways' funding sources and broadens its investor base.
- It demonstrates confidence from Japanese investors, who typically focus on high-quality airline credits.
- Qatar Airways views the Japanese JOLCO market as a long-term strategic financing channel for future fleet growth and investments.
Executive Comments
Hamad Al-Khater, CEO of Qatar Airways Group
- Described the JOLCO market as an important long-term source of funding.
- Said the transaction provides access to deep pools of capital on attractive terms while supporting future aircraft financing needs.
Teiji Ishikawa, President and CEO of JLPS
- Noted that Japanese investors regard Qatar Airways as a strong credit.
- Emphasized that this is expected to be the beginning of a long-term financing relationship rather than a one-off transaction.
Abdul Hakeem Mostafawi, CEO of HSBC Qatar
- Highlighted HSBC's role in delivering tailored financing solutions.
- Said the transaction supports fleet expansion and funding diversification.
Business Impact
- The agreement strengthens Qatar Airways' financial flexibility, expands its relationships with Japanese investors and institutions, and creates a foundation for future aircraft financing as the airline continues to grow its fleet and network.
