Overview

ICBC (Asia) contributes to a $360 million USD syndicated loan to Qantas Airways for the acquisition of four Airbus A-330S aircraft

Commitment Year•2004Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaOverseas Jurisdiction•Hong Kong (China)Sector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 1, 2004

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia))

Receiving agencies

Private Sector

Qantas Airways Limited

Loan description

ICBC (Asia) contributions to a $360 million USD syndicated loan to Qantas Airways for the acquisition of four Airbus A-330S aircraft

Interest type•Unknown

Narrative

Full Description

Project narrative

In May 2004, a syndicate of banks — including the Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) — entered into a $360 million USD syndicated loan agreement with Qantas Airways Limited — Australia's flag carrier airline — to facilitate its acquisition of four new Airbus A-330S aircraft.