Lease deal expands Qatar Airbus fleet

CIT
Aerospace has announced that Qatar
Airways has entered into contracts to lease six new Airbus aircraft.The
order includes (1) A320 and (5) A321-200s which will be delivered in 2007
and 2008. CIT Aerospace is one of the world’s largest aerospace financing
and leasing companies.
  “This transaction reflects our ability to meet the needs of our rapidly
growing customer base in the Middle East,” said C. Jeffrey Knittel,
president of CIT Aerospace. “We are pleased to have partnered with Qatar
Airways and look forward to a long-term relationship with one of the
fastest growing and most prestigious airlines in the region.”
  Akbar Al Baker, chief executive officer of Qatar Airways said, “Qatar
Airways is growing at a phenomenal rate and in order to meet our expansion
plans, we have looked carefully at ways to boost our fleet size. This
significant transaction with CIT Aerospace represents an important increase
in Qatar Airways’ narrow-body fleet, geared to further improving
connectivity and convenience for our customers over our Doha hub. We are
very pleased indeed to welcome CIT Aerospace as another key partner to help
facilitate our growth.”

Qatar Airways has also been nominated this year for a

href="http://www.worldtravelawards.com/index.php/wta/nominees_2006"
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World Travel Award as World’s Leading Business Class Airline.
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