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, E<\/a> 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<\/a>.<\/p>\n

The rest of the deal will be financed through “sales and lease-back” with aircraft companies, he said, and t<\/a> the airline will study the financing process “case by case… in line with the best cost”.<\/p>\n

The order for a{T<\/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 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, Boodai said.<\/p>\n

The airline has already paid $100 million in advance as a pre-delivery payment, he said.If you have any thoughts about where and how to use t<\/a>, you can contact us at our web site. (Reporting<\/a> by Ahmed Hagagy; Writing by Hatem Maher. Editing by Jane Merriman and Susan Fenton)<\/p>\n<\/div>\n

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By Ahmed Hagagy 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, E 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":20335,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76808"}],"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\/20335"}],"replies":[{"embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/comments?post=76808"}],"version-history":[{"count":1,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76808\/revisions"}],"predecessor-version":[{"id":76809,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/posts\/76808\/revisions\/76809"}],"wp:attachment":[{"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/media?parent=76808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/categories?post=76808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.announcement.news\/wp-json\/wp\/v2\/tags?post=76808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}