Jazeera Airways aims to secure $1bln rather than $2bln to finance Airbus deal – Chairman

posted on 8th February 2023 by Eddie Saunders
Jazeera Airways aims to secure $1bln rather than $2bln to finance Airbus deal - Chairman

Ahmed HagagyReuters News

Kuwait City – Kuwaiti Jazeera Airways aims to secure $1 billion rather than $2 billion from banks to fund part of a deal that would purchase new Airbus aircraft, the Kuwaiti carrier’s chairman told Reuters on Tuesday.

Jazeera Airways seeks to finance 30% of the aircraft deal with Airbus instead of 70% as initially planned, the chairman added.

(Reporting by Ahmed Hagagy; Writing by Hatem Maher. Editing by Jane Merriman)