Jazeera cancels 25 A320 jets

Jazeera Airways has cancelled orders for 25 Airbus A320 jets worth an estimated US$2.12 billion (Dh7.7bn) at list prices, citing overcapacity in the market.

The order significantly reduces the Kuwaiti budget airline's growth plans and is the second indication of trouble in the country's aviation market, after Wataniya Airways ceased commercial operations last month.

"The decision to resize our fleet is the right decision for Jazeera Airways at the time being, given the......

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Jazeera Airways to take delivery of 4 brand new Airbus A320s by 2014

Jazeera Airways group, parent company of Jazeera Airways and Sahaab Aircraft Leasing, today announced that it will receive four brand new Airbus A320s between 2012 and end of 2014 as part of the airline's fleet modernization program. The airline had already taken delivery of......

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Jazeera Airways cancels much of A320 order

Kuwaiti low-cost carrier Jazeera Airways has cancelled 25 Airbus A320s, most of its outstanding order for the type.

Airbus' latest backlog figures, covering the first quarter of 2011, show that Jazeera's order count has reduced from 39 aircraft to just......

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Jazeera Airways increases capital of Sahaab Aircraft Leasing

Jazeera Airways Group recently increased the capital of its fully owned leasing arm, Sahaab Aircraft Leasing, from KD20 million (USD71 million) to KD29 million (USD103 million) to "take advantage of new market opportunities"...

...On top of the six A320s Jazeera operates at present, the carrier has plans to take delivery of a further 29 A320s between 2012 and 2016......

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Jazeera Airways acquires 100% of Sahaab Aircraft Leasing Co. (Sahaab)

Jazeera Airways [KSE: Jazeera, Bloomberg: Jazeera KK, Reuters: JAZK.KW] today announced it has fully acquired Sahaab Aircraft Leasing Co. (Sahaab), a private aircraft leasing firm established in late 2008, for KD25.6 million dinars. The acquisition gives Jazeera Airways a platform to pursue......

DVB closes two refinancings for core clients

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European bank, DVB Bank, refinanced aircraft for two airlines in December, but financing older equipment will remain difficult in 2010.
One of the few banks in the market lending commercial loans, DVB Bank closed two debt re-financings in December......

Jazeera Airways completes USD 105 million ECA Financing with NATIXIS for three Airbus A320 aircraft.

Freedom Town, Kuwait – 25 January 2010 – Kuwait based regional carrier Jazeera Airways (KSE: Jazeera, Bloomberg: Jazeera KK, Reuters: JAZK.KW) today announced that it has taken delivery of its 11th aircraft and completed total ECA financing for US 105 million with NATIXIS for three Airbus A320 aircraft. Jazeera Airways CFO Barathan Pasupathi said “We have once again proven that we can secure funding in a relatively difficult credit climate. The Investment community and......