Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

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

MENAFN - Arab Times - 03/07/2014
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.

innovativ

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 ad 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 31 2016 - Saudi Arabia signs 15 deals with ChinaMENAFN
(MENAFN) Saudi Arabia signed 15 initial deals with China in sectors from energy to housing on a visit aimed at bolstering relations with a top energy customer and trade partner.Furthermore, the visit ...

 Aug 31 2016 - SMEs in Oman receive OMR5.000 grant from BPMENAFN
(MENAFN) Oman small and medium enterprises (SMEs) that participated in Khazzan Project for SME Development received OMR5.000 from BP Oman.The projects for SME Development are one of BP Oman social ...

 Aug 31 2016 - Jordan budget supplement receives 37pct of aid and grantsMENAFN
(MENAFN) The central budget supplement received USD2.667bn last year, accounting for almost 37 percent of last year whole grants and aid.Moreover, the energy sector received 11 percent, whereas ...

 Aug 31 2016 - Tunisia budget deficit to drop by MTD2.5-2.9mnMENAFN
(MENAFN) Tunisia will face a fall in this year budget deficit in the range of MTD 2.5 and 2.9mn, 6.5 percent of the State budget.Accordingly, to keep the deficit under control urgent solutions are ...

 Aug 31 2016 - Algeria grain imports drop by 6pct in Jan-JulyMENAFN
(MENAFN) Algeria grain imports reached 7.33mn tons in the Jan-July period of this year, a drop of 5.9 percent from the same period of 2015.Furthermore, the country tried to reduce imports in a bid to ...

 Aug 31 2016 - Initiatives of NGOs to Increase Awareness about Glaucoma in Emerging Economies is Expected to Generate Revenue for Glaucoma Treatment Drugs Market in Future: Ken ResearchMENAFN Press
(MENAFN Press) Ken Research announced its latest publication on "Global Glaucoma Treatment Drugs Market Outlook to 2020 – New Product Launches Expected to Boost Market" provides a comprehensive ...

 Aug 31 2016 - Initiatives of NGOs to Increase Awareness about Glaucoma in Emerging Economies is Expected to Generate Revenue for Glaucoma Treatment Drugs Market in Future: Ken ResearchMENAFN Press
(MENAFN Press) Ken Research announced its latest publication on "Global Glaucoma Treatment Drugs Market Outlook to 2020 – New Product Launches Expected to Boost Market" provides a comprehensive ...

 Aug 31 2016 - Saudi exports 1.89b barrels of oil at SR279bnMENAFN
(MENAFN) Saudi Arabia exported almost 1.89bn barrels of crude oil in the Jan-August period of this year with an amount of SR279bn, a fall of 27 percent.Moreover, local consumption amid the same ...

 Aug 31 2016 - Egypt-IDA offers EGP4.4b to work on 37 industrial zonesMENAFN
(MENAFN) The Industrial Development Authority (IDA) proclaimed that the total number of industrial zones in Egypt reached 129, of which 77 zones are linked with their governorates.Accordingly, ...

 Aug 31 2016 - Global Mining Explosive Market 2016 Share, Trend, Segmentation and Forecast to 2021MENAFN Press
(MENAFN Press) Global Mining Explosive Market 2016 Share, Trend, Segmentation and Forecast to 2021 Mining Explosive -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to ...

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

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