By Ahmed Hagagy<\/p>\n
KUWAIT, helplife.biz<\/a> 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 28 single aisle A320neo family passenger jets in November 2021.<\/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, he said, and the airline will study the financing process “case by case… in line with the best cost”.<\/p>\n The order for xn--4kqz9dx34awsd.binaryoptionsreview.space<\/a> 20 A320neo and eight A321neo aircraft would help the company reduce emissions by replacing older A320 models and also power expansion plans including in Europe and e}V<\/a> the Middle East.<\/p>\n Jazeera has already taken delivery of two of the planes, and will take three more this year, yA<\/a> expanding its fleet to 22 planes, Boodai said.<\/p>\n The airline has already paid $100 million in advance as a pre-delivery payment, a{T<\/a> he said.(Reporting by Ahmed Hagagy; Writing by Hatem Maher. If you cherished<\/a> this article and you would like to collect more info with regards to vE<\/a> generously visit our website. Editing by Jane Merriman and Susan Fenton)<\/p>\n<\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" By Ahmed Hagagy KUWAIT, helplife.biz 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. The airline placed a multi-billion dollar order with Airbus for 28 […]<\/p>\n","protected":false},"author":17706,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5037],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76555"}],"collection":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/users\/17706"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=76555"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76555\/revisions"}],"predecessor-version":[{"id":76556,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76555\/revisions\/76556"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=76555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=76555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=76555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}