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QFC Set to Become a New Frontier in Aircraft Finance
Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, today highlighted the strategic role of the aviation industry as an integral component of the global economy and showcased its suitability as an aircraft financing and leasing destination during a webinar entitled: ‘A New Frontier in Aircraft Finance’, held in collaboration with PwC, K&L Gates, Magi Aviation Capital, Aventicum Capital Management and Qatar Free Zones Authority (QFZA).
Providing a comprehensive overview of latest developments in the aviation industry, the webinar participants discussed current market trends amidst the challenges of the COVID-19 outbreak. They also identified key factors required boost growth in the aircraft finance and leasing sector noting the QFC’s competitive offering in this regard and also highlighted emerging opportunities in Qatar’s wider aviation sector.
The thought-provoking webinar showcased the conclusions of the latest reports on the suitability of the QFC’s Tax and Legal Regime for aircraft financing and leasing. The speakers also discussed the QFC as a new frontier market in aircraft finance.
Speakers included:
- Yousuf Mohamed Al-Jaida, CEO, QFC Authority;
- Salah Gueydi, Director of Tax, QFC;
- Roscoe Banks, Legal Director, QFC;
- Sajid Khan, Qatar Tax Leader PwC Middle East;
- Sidanth Rajagopal, Partner K&L Gates;
- Sean Cleghorn, CEO Magi Aviation Capital;
- Fahmi Alghussein CEO, Aventicum MENA & Frontier Markets
- and John Gould, Head of Aerospace, Logistics and Maritime, QFZA
While the international airline industry continues to recover from the devastating effects of the COVID-19 pandemic, the development of new vaccines will no doubt begin to revive international travel.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority
Al-Jaida added:
“The aviation industry is, at the same time, re-organising itself in ways that will make it more resilient to global challenges and the private sector will no doubt play a critical role in this. We believe that the QFC provides a competitive alternative environment from which players in the aircraft industry can grow their business and the views of the industry experts expressed during today’s webinar only serve to confirm this.
Backed by our well-developed and comprehensive legal and tax regimes, the QFC is well suited to serve as a hub for the aircraft financing and leasing industry and to further contribute in boosting the growth potential of this sector in Qatar and the region.”
