Qatar Airways was present at the recent Paris Air Show where the company was busy purchasing new aircraft. The aircraft are for regular airline operations, but more importantly, to grow its aircraft leasing business. The aircraft leasing business has a lot of opportunities available for an airline such as Qatar Airways.
Qatar Airways is already in the aircraft leasing business, but it hopes to expand the current offerings. Qatar is one of the top airline companies in the world operating with a full fleet. The excess fleet can be used to generate additional profits for the company.
During the Paris Air Show, Akbar Al Baker, CEO of Qatar Airways, announced that new aircraft purchases would be utilized to support the aircraft leasing segment of the airline. Qatar Airways has a complete aircraft lineup with no gaps in types of planes that it needs. New purchases are primarily made for the upkeep of the fleet. Older plane models are replaced with the latest releases and more modern technology. Having a constant cycle of airplanes, Qatar Airways has the resources to become a dominant player in the leasing business.
