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          Home » Qatar Airways Leases Old Boeing 777 Amid New Delivery Delays | Exclusive

          Qatar Airways Leases Old Boeing 777 Amid New Delivery Delays | Exclusive

          JP Lease finds new home for 777-300ERs and its Qatar Airways

          Bhavya Velani by Bhavya Velani
          June 11, 2023
          in Airline News, Boeing, Exclusive, Featured, International Aviation News, News
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          Qatar Airways Leases Old Boeing 777 Amid New Delivery Delays | Exclusive

          Photo: A7-BAX | Qatar Airways | Boeing 777-3DZ(ER) | ICN | A7-BAX |… | Flickr

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          DOHA, QATAR- The flag carrier Qatar Airways (QR) recently leases a pre-owned Boeing 777-300ER from JP Lease (JPLS).

          The Hong Kong-based Cathay Pacific (CX) airline previously operated this particular aircraft. Subsequently, it has been leased by Qatar Airways earlier this month.

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          Qatar Airways Leases Old Boeing 777 Amid New Delivery Delays | Exclusive
          Photo: By Fsheng666 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=88260183

          Qatar Airways leases Boeing 777s

          According to Air Finance Journal’s Fleet Tracker data, the widebody aircraft are owned by Japanese operating lease (JOL) investors through JPLS and managed by Stratos.

          Qatar Airways has opted to lease additional 777 capacity due to delays in the delivery of its 787-9 and 777X aircraft.

          In the previous year, AFJ reported that the airline had secured a deal with BOC Aviation for additional 777-300ER leases. Those aircraft were also previously leased by Cathay Pacific.

          Additionally, Castlelake facilitated the transition of former Virgin Australia (VA) 777-300ERs to Qatar Airways earlier this year.

          Qatar Airways Leases Old Boeing 777 Amid New Delivery Delays | Exclusive
          Photo: By U-95 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=37693380

          Largest 777 Operator

          With a fleet of around 90 units, including 777 freighters, Qatar Airways stands as one of the largest operators of the Boeing 777 aircraft.

          Since its establishment in 2011, JPLS has collaborated with JLPS Ireland to manage a total of 143 aircraft (as of December 31, 2022). Through lease transactions with 42 airlines across 26 countries.

          Among these aircraft, 18 belong to the 777 family, as reported by JPLS. Although JPLS incurred an operational loss in the 12-month period ending on December 31. They have managed to achieve a net income of JPY 691 million ($5 million) by the end of the year.

          Stay tuned with us. Further, follow us on social media for the latest updates.

          Also Read: US Airlines, Including American, United, Delta, and Southwest, want you to Dress Properly – Aviation A2Z

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          Max Air Boeing 777 Delivery Flight from the US to Nigeria Declares Emergency | Exclusive
          Source: Air Finance Journal
          Tags: Boeing 777Boeing 777-300ERQatar AirwaysQatar Airways Boeing 777Qatar Boeing 777
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          Bhavya Velani

          Bhavya Velani

          Bhavya Velani is the Founder of Aviation A2Z. Bhavya Started Aviation A2Z as a youtube channel and created unique and engaging content for Aviation Professionals. He is very passionate about Writing Aviation Blogs and creating content. Founded in 2018, Aviation A2Z has grown rapidly, with 1 Million Monthly visitors. Bhavya writes for Airways Magazine, AIRLIVE, AeroXplorer, Travel Radar and other global publications.

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