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Home > About Us > News & Press Releases > SGBL to finance the purchase of an Airbus A330 for MEA

SGBL to finance the purchase of an Airbus A330 for MEA

22 Dec 2016

SGBL announced the signature of an agreement with MEA S.A.L to finance the purchase of a new aircraft type A330-243, within the framework of the bank’s contribution to the expansion and development of the Lebanese companies and the revitalization of the Lebanese economy.

The new airplane which was received by MEA in 2016 is leader in its category and incorporates the latest equipment and comprises 244 very comfortable seats, 44 in the business class and 200 in the economy, in addition to a new entertainment system of the highest quality to ensure the passenger well-being.

With the arrival of the new aircraft, MEA operates in full capacity with a fleet of 20 modern and advanced aircraft that provide high end services, thus reflecting Lebanon cultural and civilized face.

Mr. Antoine Sehnaoui, SGBL Chairman declared: “We are impressed by MEA group dynamism and continuous growth, in order to provide high end services and bolstering Lebanon image all over the world, especially that it is the leading Lebanese national company. SGBL is committed to the growth of economic activities in Lebanon. We are in the forefront of the national institutions that grant loans to the private sector. The banking sector in general and the SGBL, in particular, remain the basis of the development processes of the Lebanese financial and economic sectors. We have financed the MEA with this new airplane to confirm our continuous support to the local economy and growth of our country”.

Mr. Mohamad El Hout, MEA Chairman, has thanked the SGBL for its trust in the company and for contributing to the development of its fleet. The financing operation, in these specific circumstances and at interest rates competitive with those of international banks, is a proof of the Lebanese banking sector’s capacity to keep pace with the developments and move forward with financing operations which are beneficial to the various institutions of the Lebanese economy and contribute in creating job opportunities for thousands of Lebanese every year.

Mr EL Hout offered to Mr. Sehnaoui a miniature of MEA aircraft to be financed by SGBL in addition to the collection of the commemorative medals issued by the Lebanese Central Bank in honor of the national company.

About SGBL

SGBL group relies on an international network of Société Générale banks which exist in 66 countries worldwide. The bank offers a complete and specialized range of universal banking services and private banking solutions to a broad range of customers. SGBL group activities in Lebanon are organized around four business lines:
Retail Banking
Corporate banking
Private banking
Investment Services 

About MEA

Middle East Airlines is a member of Skyteam alliance, a global network of airlines that give access to 1,062 destinations in 177 countries worldwide. MEA is the leading national company and is one of the main carriers in the region. From its main base at Rafik Hariri international airport in Beirut, MEA offers flights to 32 international destinations in Europe, the Middle East and West Africa. The company’s fleet comprises 20 Airbus aircrafts and MEA provides its customers with very luxurious services, reflecting the Lebanese culture and hospitality. For more information, please visit MEA website: .