15 Feb 2009
(MENAFN) Kuwaiti carrier Jazeera Airways said that it has fully acquired Sahab Aircraft Leasing, a leasing firm launched in 2008 for $88.77 million, Reuters reported.
The acquisition gives Jazeera Airways a platform to pursue strategic vertical integration initiatives lined up for 2010 and 2011 that include an airline acquisition and access to global leasing markets, Jazeera said in a statement.
Sahab will have a minimum fleet of 38 Airbus A320s by 2016 based on confirmed orders with the manufacturer,’ the statement said. It currently has a fleet of nine Airbus A320s.
Jazeera, which competes with UAE-based carriers Air Arabia and flydubai, has a firm order for 29 Airbus A320 aircraft and currently operates 11 planes across the Middle East and Egypt.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more