Quotes: 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 bnk'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 24 2016 - Spikes Asia Festival of Creativity 2016 Award Winners AnnouncedMENAFN Press
(MENAFN Press) SINGAPORE, Sept 24, 2016-(ACN Newswire)-The final day of Spikes Asia culminated in a ceremony to celebrate the winners of the annual Spikes Asia Awards. The industry gathered to ...

 Sep 24 2016 - Pagan Ritual for Social Justice is Open to the PublicMENAFN Press
(MENAFN Press) Online PR News – 24-September-2016 – Long Beach, CA – The pagan communitys belief systems are many and diverse. Many pagan spiritual systems are centered around at ...

 Sep 24 2016 - Saudi Arabia offers Iran to reduce oil productionMENAFN
(MENAFN) According to official sources, Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year.Accordingly, the offer, which has yet to be accepted or ...

 Sep 24 2016 - Egypt negotiates to receive USD300m of Sinai's loanMENAFN
(MENAFN) According to a government source, Egypt's Ministry of International Cooperation is about to receive Abu Dhabi Fund for Development (ADFD) loans geared for development projects in Sinai.The ...

 Sep 24 2016 - Qatar's CRA to order Ooredoo to provide access to QNBNMENAFN
(MENAFN) The Communications Regulatory Authority (CRA), Qatar National Broadband Network (QNBN) had issued a complaint issued against Ooredoo for not complying with an agreement to provide access to ...

 Sep 24 2016 - Kuwait- Sheikh Sabah Al-Khaled meets Latvian FMKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NEW YORK, Sept 23 (KUNA) - First Deputy Premier and Foreign Minister of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah held talks here on Friday with Latvian ...

 Sep 24 2016 - Kuwait- Sheikh Sabah Al-Khaled meets Tanzanian FMKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NEW YORK, Sept 23 (KUNA) -- Kuwait First Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah met on Friday the Tanzanian Minister ...

 Sep 24 2016 - Kuwait- Syria's truce meaningless without split of moderate opposition, terrorists - LavrovKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) NEW YORK, Sept 23 (KUNA) -- Russian Foreign Minister Sergei Lavrov said Friday any cessation of hostilities in Syria would be "meaningless" without separation of ...

 Sep 24 2016 - Kuwait- Still no conclusive evidence IS used mustard gas in Iraq - PentagonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) WASHINGTON, Sept 23 (KUNA) -- There is "no conclusive evidence" yet that mustard gas was used by the so-called Islamic State (IS) in a recent failed attack on US ...

 Sep 24 2016 - Kuwait- Still no conclusive evidence IS used mustard gas in Iraq - PentagonKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) (Reopens) WASHINGTON -- In Syria, Turkish and coalition forces have cleared five additional villages along Syria's northern border with Turkey. Furthermore, ...

more...


 





Google

Easy Forex
 
 

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