Saturday, 18 November 2017 02:56 GMT

Jazeera Airways secures $18.3million refinancing

(MENAFN - Khaleej Times) Jazeera airways group on tuesday said that it has secured a $18.

the 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.

Jazeera Airways secures $18.3million refinancing

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