Airline
Jazeera Airways Buys Sahaab Aircraft Leasing
Jazeera Airways announced that it has purchased Sahaab Aircraft Leasing Company (Sahaab) for 25.6 million Kuwaiti dinars (Dh 325.4 million). Sahaab is a private aircraft leasing company established in 2008 that currently owns a fleet of nine Airbus A320s that were bought and then leased back to Jazeera Airways. Sahaab will continue to operate as a fully owned subsidiary of the airline, leasing aircraft to Jazeera and other carriers in the region.
The acquisition of Sahaab gives Jazeera a way to achieve its strategic vertical integration initiatives set for 2010 and 2011, which include airline acquisition plans and access to global leasing markets. Marwan Boodai, Jazeera Airways chairman, said “As a result of this acquisition, Jazeera Airways will now be even more strongly capitalized to pursue its strategic aspirations, regardless of any prevailing market environment.” The acquisition is expected to be complete by March 31st, 2010.
More Airline
Latest Travel News
Featured Sights To See
The Hotel De Ville
Geneva, Switzerland
The Hotel de Ville, a glory from the 15th century, is located along the Rue de l'Hotel-de-Ville in the Old Town district. It has witnessed many important political decisions, including the first convening of the Geneva Covention in 1864, and the founding of the League of Nations in 1920. ...
Deoksu-gung Palace
Seoul, South Korea
It is located in downtown Seoul cross the street from City Hall. This palace was built in the mid-fifteenth century and the architecture of the insides of the buildings show heavy traces of Western designs. This palace is famous for its elegant stone wall road. The buildings itself are of natural sugi, painted wood and stucco. The east wing was the king's while the queen's quarters were located in...
Gamle Aker Kirke
Oslo, Norway
Gamle Aker Kirke is Oslo’s oldest building, built in 1080. It is located north on the city center and provides Lutheran services on Sundays. The Church is associated with a mythical dragon and has quaint and historically relevant views to behold within its walls. Taking the bus is the easiest way to get here. Address: 2702 St. Hanshaugen, 0131 Oslo Tel: +47 23-62-91-20 Website: http://w...
Cathedral Square
Moscow, Russia
Every Saturday at noon the changing of the guards ceremony occurs at this square. The ceremony is an enactment meant to transport visitors back in time. The ceremony comprises of horses, an orchestra and soldiers dressed in uniforms from the Czarist era. To view this, tourists are required to pay a fee separately. Cathedral Square comprises of the following monuments: Cathedral of the Arc...