Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Jazeera Airways 'secures' $18.3m refinancing facility  Join our daily free Newsletter

MENAFN - Arab Times - 18/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city june 17 (kuna): jazeera airways group announced tuesday that it has secured a 18.3 million aircraft refinancing facility through arab banking corporation (abc). according to a press release jazeera airways group will use the proceeds to close an existing facility through the french corporate and investment bank natixis resulting in a reduction of the company's debt financing charges.

'the improving debt markets have given us the opportunity to lower our cost of debt enabling us to deploy an even better capital structure and a stronger balance sheet to support the group's operations and strategic growth prospects ' jazeera airways group chairman marwan boodai said. the 18.3 million refinance facility through abc has a five-year term.

innovative

bahrain-based abc is a leading player in the region's banking industry and provides innovative wholesale financial products and services that include corporate banking asset finance project and structured finance syndications treasury products and islamic banking. the bank also provides retail banking services through its network of retail banks in the mena region namely in algeria tunisia egypt and jordan. jazeera airways group is a kuwait stock exchange-listed company with a fleet of 15 wholly-owned airbus a320s through its wholly-owned leasing-arm sahaab aircraft leasing. sahaab has assets placed with virgin america srilankan airlines flynas tap portugal and jazeera airways.

jazeera airways the airline operates its seven airbus a320s with a two-class cabin comprising a business class and an economy class. business class travelers get both an upgraded experience and exclusivity starting with exclusive check-in lines business lounge access up to 60 kilograms in free baggage allowance and an exclusive on-board cabin. the airline's economy class offers travelers free baggage allowance of 40 kilograms and free on-board meals with a changing menu every month.


 


Arab Times




  MENA News Headlines
 Aug 3 2015 - Bahrain's USD650m Villamar project to be finalized by 2017MENAFN
(MENAFN) UAE developer Gulf Holding said it will finalize USD650 million Villamar Towers development, one of Bahrain's most delayed projects, by 2017, 11 years after it was first launched.Gulf ...

 Aug 3 2015 - Saudi, UAE hold 75 percent of MENA's investment activityMENAFN
(MENAFN) A financial report shows that UAE and Saudi overpower more than 75 percent of MENA's investment activity by value.The report stated that the mentioned countries accounted for a lower amount ...

 Aug 3 2015 - Jordan receives USD1b Foreign aid in 2015MENAFN
(MENAFN) Official reports said that Jordan received USD1 billion as total foreign aid, since the beginning of this year.The external grants from donors reached USD 632.64 million, while the soft ...

 Aug 3 2015 - Saudi Kingdom Holding net profit up 12.6 percent in Q2MENAFN
(MENAFN) Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 12.6 percent rise in second-quarter net profit as its income increased and costs ...

 Aug 3 2015 - Saudi- Mobily swings to second-quarter net loss on Zain disputeGulf Times
(MENAFN - Gulf Times) Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits, swung to a second-quarter net loss yesterday that missed forecasts as it took provisions ...

 Aug 3 2015 - Qatar PPI falls 36.2% y-o-y in May on lower crude and gas pricesGulf Times
(MENAFN - Gulf Times) Led by a double-digit decline in the prices for crude and natural gas as well as refined petroleum products, basic metals and basic chemicals, Qatar's producer price index (PPI) ...

 Aug 3 2015 - UAE- ERC becomes first humanitarian organisation nationwide to receive ISOEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Emirates Red Crescent (ERC) has become the first humanitarian organisation to receive ISO certification 9001/2008 in recognition for its efforts to upgrade ...

 Aug 3 2015 - GCC property sector vulnerable on account of fall in oil pricesGulf Times
(MENAFN - Gulf Times) US home prices rose by 4.9% y-o-y in May 2015, pushed higher by an increase in sales this year. In recent months home sales improved as economy boosts hiring enabling more ...

 Aug 3 2015 - UAE- Emaar Properties records 12% growth in first halfEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Global property developer Emaar Properties PJSC recorded a net profit of AED 2.205 billion (US$ 600 million) during the first six months of 2015 (January to ...

 Aug 3 2015 - UAE- VP urges for cooperation among educational institutions, gets briefed on new academic yearEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has directed boosting a culture of integration, ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help