from Beirut's Daily Star
DOHA: Qatar Airways said it will take three Airbus A330-200 aircraft on lease from GE Capital Aviation Services (GECAS). Terms of the agreement were not disclosed.
The first two aircraft enter service at Qatar Airways this month and next. The third is a new aircraft scheduled for delivery in June 2005.
Qatar Airways already leases an A320 from GECAS and will take delivery of two new A330-200 aircraft on lease from GECAS in the summer of 2004.
Qatar Airways is one of the fastest growing airlines in the world flying to 48 destinations and within the coming two years, it could rise to 60 destinations.
The airline operates 29 Airbus aircraft and is one of the launch customers of the A380 super jumbo. The airline recently signed a $5.1 billion order for 34 additional Airbus aircraft in a deal that will increase the fleet to 52 by 2008.
GECAS, a unit of GE Commercial Finance, is a leading provider of fleet, financing and productivity solutions to the global aviation industry.
I can't really figure this airline out. I guess the Qatari gov't is willing to lose millions and millions a year. There can't be two EK's in the Gulf, can there?
And wasn't there some talk on the board about how horrible it is to work for them? Any details on that?