Oman Air finalises loan for Boeing 737 with Barclays
Oman Air has recently signed a loan to finance its acquisition of a B737-800 aircraft.
This financing arrangement, provided by Barclays Bank PLC and arranged by Barclays Capital, is supported by the Export - Import Bank (Ex-Im) of USA and has a tenure of 12 years.
Oman Air has been able to obtain very attractive terms, especially in the context of current industry scenario.
Management at Oman Air attributes this success to its realistic and credible future plans, which sees the development of Oman Air as the niche regional career. Ex-Im support has enabled Oman Air not only to benefit from significantly lower finance cost, but has also given boost to Oman Air in financial circles.
Barclays Capital, one of the largest arrangers worldwide of Export Credit aircraft financing transactions, is pleased to be involved in the airline’s development, which reflects its ongoing commitment to Oman.
Financing agreement for $34.248 million was signed by Oman Air CEO, Abdulrahman al Busaidy with US Ex-Im Bank and Barclays Bank in Washington D.C. on June 27.