By Ahmed Hagagy<\/p>\n
KUWAIT, Feb 7 (Reuters) – Kuwaiti low-cost carrier Jazeera Airways aims to secure $1 billion from banks to help finance the purchase of new Airbus aircraft, its chairman said on Tuesday, half the amount it had initially planned to seek.<\/p>\n
The airline placed a multi-billion dollar order with Airbus for eVDEN eve naKLiyAT<\/a> 28 single aisle A320neo family passenger jets in November 2021.<\/p>\n <\/a> <\/p>\n In October 2022 Jazeera had said it would secure around $2 billion from commercial banks to fund 70% of the Airbus deal, but Chairman Marwan Boodai told Reuters on Tuesday that it was now seeking to finance only 30% of the deal with bank financing.<\/p>\n The rest of the deal will be financed through “sales and lease-back” with aircraft companies, EvdeN EVE nAKliYAt<\/a> he said, and the airline will study the financing process “case by case… in line with the best cost”.<\/p>\n The order for 20 A320neo and EVDEN EvE naKLiYAT<\/a> eight A321neo aircraft would help the company reduce emissions by replacing older A320 models and evden eVe NakLiyat also power expansion plans including in Europe and the Middle East.<\/p>\n Jazeera has already taken delivery of two of the planes, and will take three more this year, expanding its fleet to 22 planes, eVDen EVe nakliYat<\/a> Boodai said.<\/p>\n