#Qatar Airways in talks with banks for billions of dollars in loans: sources - Reuters

Qatar Airways in talks with banks for billions of dollars in loans: sources - Reuters:

Qatar Airways is in talks with banks for loans worth billions of dollars, three sources familiar with the matter said, as the state-owned airline readies to begin rebuilding its network that has been crushed by the coronavirus pandemic.

The talks with banks are happening on a bilateral basis, the sources said, with one of them adding the company could explore offering a guarantee from the ministry of finance for the fundraising.

Qatar Airways, which declined to comment on the talks, announced on Wednesday it would start re-opening routes that it had been forced to abandon during the outbreak that has virtually halted international travel.