Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Jazeera Airways secures $70.5m financing  Join our daily free Newsletter

MENAFN - Arab Times - 26/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city june 25 (kuna): jazeera airways group announced wednesday that it has secured a .5 million debt facility through kuwait's ahli united bank (aub) as part of the group's ongoing strategic debt restructuring plans to align with future growth plans. in a press statement jazeera said that the financing scheme has a three-year term with a roll-over facility. 'this facility which will help us fund our future plans is significant for both its timing as it comes at time when debt markets are favorable and for being secured through a leading bank that is based in our home market thus further boosting the value jazeera airways group brings to our market' the statement quoted jazeera airways group chairman marwan boodai as saying.

for his part aub kuwait general manager corporate banking hisham zaghloul said that the debt facility agreement reflects a long-term partnership mutually beneficial to both our organizations 'in line with ahli united bank's strategy to serve the local market and strengthen ties with market players under various business sectors we take pride in having collaborated with jazeera airways in serving their future business plans' zaghloul pointed out. 'jazeera airways is a leading player and pacesetter in the aviation industry and this transaction reflects a long-term partnership mutually beneficial to both our organizations. we wish jazeera airways all success as it continues to serve kuwait and the region.' aub kuwait is one of the leading shariah-compliant banks in the middle east with strong on-ground retail wholesale and corporate banking operations in kuwait bahrain and other countries in the middle east. 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.


 






  MENA News Headlines
 Jul 31 2014 - Air Algerie's plane crashesMENAFN
(MENAFN) A senior official said that the Air Algerie flight that crashed in Mali last week appears to have plummeted to the ground from an altitude of 10,000 meters in just a few minutes after flying ...

 Jul 31 2014 - Dubai's Damac eyes listing shares in Dubai bourseMENAFN
(MENAFN) Dubai luxury property developer Damac is trying to attract investors to invest in converting its Global Depositary Receipts (GDRs), listed on the London bourse, into ordinary shares that ...

 Jul 31 2014 - 'Nearly 100 casualties' in Xinjiang violenceArab News
(MENAFN - Arab News) IJING: A clash in Xinjiang home to China's mostly Muslim Uighur minority left nearly 100 people dead or wounded an exile group said Wednesday after what authorities called a ...

 Jul 31 2014 - Aquino seeks to quash rumors of military coupArab News
(MENAFN - Arab News) NILA: Philippine President Benigno Aquino sought Wednesday to quash rumors that a coup is being plotted against him with his spokesman insisting he had the military's full ...

 Jul 31 2014 - Kerry in New Delhi to reboot ties with ModiArab News
(MENAFN - Arab News) W DELHI: US Secretary of State John Kerry flew into India on Wednesday for ice-breaking talks with new Prime Minister Narendra Modi forecasting a transformation in Washington's ...

 Jul 31 2014 - UK bankers' bonus: Tough rules on wayArab News
(MENAFN - Arab News) NDON: British banks will be able to claw back employee bonuses up to seven years later if the recipient is found guilty of serious recklessness the Bank of England ...

 Jul 31 2014 - Amazon to invest 2bn to expand in IndiaArab News
(MENAFN - Arab News) MBAI: The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.Amazon.com Inc. said it will invest ...

 Jul 31 2014 - Mobily Wajid offers free lines to family membersArab News
(MENAFN - Arab News) Bily continues to provide its extraordinary offer to the new subscribers of Wajid that provides discounts and privileges to all family members.The new Wajid Extra and Plus ...

 Jul 31 2014 - Wife of BIS official dies in road crashArab News
(MENAFN - Arab News) E wife of a member of the governing board at the Bangladesh International School (BIS) in Jeddah was killed in a road accident on Tuesday the second day of Eid Al-Fitr.Nasima ...

 Jul 31 2014 - Indian Eid program toned down in solidarity with GazansArab News
(MENAFN - Arab News) Extensive yearly Indian community Eid program was reduced to a simple get-together ceremony on Monday night in solidarity with the victims of Gaza.Indian expatriates condemned ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help