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

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

MENAFN - Arab Times - 03/07/2014
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.


 


Arab Times




  MENA News Headlines
 Sep 16 2014 - Egypt tourism could fully recover in 2015MENAFN
(MENAFN) Egypt's tourism industry, which has been struggling for the last three years could fully recover by the end of next year, Gulf News reported,Egypt's Tourism Minister said that he hoped ...

 Sep 16 2014 - Jolie meets Malta sinking boat survivorsArab News
(MENAFN - Arab News) MALTA: UN High Commissioner for Refugees Antonio Guterres and Special Envoy Angelina Jolie visited the naval rescue headquarters in Malta on Sunday on a weekend in which new boat ...

 Sep 16 2014 - North Korea off to flying start in soccerArab News
(MENAFN - Arab News) INCHEON: North Korea's footballers dismantled China 3-0 Monday as they got off to a rousing start at the Incheon Asian Games cheered on by fans waving the Korean Unification ...

 Sep 16 2014 - Keselowski locks up spot in Sprint Cup's Round 2Arab News
(MENAFN - Arab News) JOLIET Illinois: Stop Brad Keselowski if you've heard this one before.'I guess you couldn't ask for a better way to start the Chase' he said after winning NASCAR's playoff series ...

 Sep 16 2014 - McIlroy to play Abu Dhabi HSBC Golf ChampionshipArab News
(MENAFN - Arab News) Four-time major winner Rory McIlroy is set for a stunning return to the Abu Dhabi HSBC Golf Championship where he has his sights focused on winning his first Falcon ...

 Sep 16 2014 - Gonzales to fore as Cardinals flatten Rockies 4-1Arab News
(MENAFN - Arab News) ST. LOUIS: St. Louis Cardinals rookie Marco Gonzales grew up watching the Colorado Rockies.Raised in Fort Collins about an hour north of Denver he is quite familiar with Coors ...

 Sep 16 2014 - Chinese president wins Maldives backing for 'maritime silk route'Arab News
(MENAFN - Arab News) MALE Maldives: China's President Xi Jinping secured Maldivian support Monday for a '21st century maritime silk road' as he began a South Asian tour in the strategically located ...

 Sep 16 2014 - Cameron heads to Scotland hoping to boost 'No' voteArab News
(MENAFN - Arab News) ABERDEEN United Kingdom: British Prime Minister David Cameron on Monday was to plead with Scots to vote against independence in a referendum as Scotland enters the most decisive ...

 Sep 16 2014 - Key bridge destroyed by Assad forces in IS-held eastern SyriaArab News
(MENAFN - Arab News) BEIRUT: Islamic State militants lost a vital supply route in eastern Syria on Monday with the destruction of the last bridge in the city of Deir El-zor a monitoring group ...

 Sep 16 2014 - Libyan ex-general claims new airstrikeArab News
(MENAFN - Arab News) BENGHAZI: Forces loyal to former Libyan army general Khalifa Haftar claimed an airstrike on an armed group near Tripoli on Monday a senior commander said in what would be the ...

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