Middle East Airlines secures financing for aircraft acquisition

Middle East Airlines (MEA) signed a USD65 million loan agreement with the Lebanese Canadian Bank to fund its first of ten ordered A330-200s, delivered in Jun-08. The loan will cover 70% to 80% of the total value of the aircraft. [758 words]

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This report contains the following subheadings:

• Recording significant passenger growth out of Beirut hub
• Awards SITA communications contract, plans to establish training centre

This report contains the following charts and tables:

• Middle East Airlines aircraft configurations (seats) vs Airbus recommended configuration
• Beirut Rafik Hariri International Airport total capacity (seats) share: Week commencing 11-Aug-08