Qatar Airways Group has announced its first Japanese Operating Lease with Call Option (JOLCO) transaction, marking a significant milestone in its aircraft financing strategy. The agreement, involving three Boeing 787-9 Dreamliner aircraft, was facilitated with the support of HSBC and JP Lease Products & Services Co Ltd (JLPS). HSBC acted as the debt arranger and sole lender, whilst JLPS managed the JOLCO equity.
This transaction is the first of three planned under Qatar Airways' JOLCO programme in Japan, which will cover a total of seven aircraft. The move establishes Qatar Airways' presence in the Japanese aircraft financing market and strengthens its financial partnerships across Asia. The airline's entry into this market underscores its financial strength and credibility, attracting diversified international capital.
Hamad AlKhater, CEO of Qatar Airways Group, highlighted the strategic importance of the JOLCO market as a long-term funding source, stating, "We expect to maintain a consistent presence as we finance future fleet investments and growth opportunities."
Teiji Ishikawa, President and CEO of JP Lease Products & Services Co Ltd, expressed confidence in Qatar Airways' creditworthiness, noting, "Japanese investors look first at the credit of the airline. Qatar Airways is a strong credit, and investors in Japan welcome this transaction."
Abdul Hakeem Mostafawi, CEO of HSBC Qatar, emphasised the bank's role in supporting Qatar Airways' fleet expansion and funding diversification, saying, "Our role as debt arranger and sole lender in this transaction demonstrates our sector expertise."
As Qatar Airways continues to expand its fleet and network, it remains committed to diversifying its funding sources and building long-term relationships with financial institutions and investors globally.
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