Qatar Airways to Lease Aircraft

DUBAI, 25 September 2006 — Qatar Airways has entered into contracts to lease six new narrow-body Airbus aircraft from CIT Aerospace, a unit of US-based CIT Group Inc., a global provider of commercial and consumer finance solutions. The order includes one A320 and five A321-200s, which will be delivered in 2007 and 2008. CIT Aerospace is one of the world’s largest aerospace financing and leasing companies. Qatar Airways Chief Executive Officer Akbar Al-Baker said: “Qatar Airways is growing at a phenomenal rate and in order to meet our expansion plans, we’ve looked carefully at ways to boost our fleet size.”