Jazeera Airways obtains financing to fund fleet expansion strategy

Jazeera Airways signed a USD70 million agreement in commercial funding with European banks, DVB Bank and Natixis Transport Finance, in Nov-08, to finance the purchase of two new A320 aircraft that were delivered to the airline on 28-Oct-08 and 04-Nov-08, respectively (the aircraft were originally scheduled to join the carrier’s fleet in 2009). [359 words]

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This report contains the following subheadings:

• Reaches 3 millionth passenger milestone

This report contains the following charts and tables:

• Jazeera Airways A320 delivery plan 2009-2013 (as at Dec-08)
• Jazeera Airways capacity share by market (seats per week): Week commencing 22-Dec-08
• Middle East carriers' passenger numbers: 2007