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
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Abu Dhabi and Wizz Air announce establis...
Emirates touches down in Mexico City...
Air Arabia named as Middle East and Afr...
Featured Sights To See
Stockholm City Museum

Stockholm City Museum

Stockholm, Sweden

Feel  seven and a half centuries of Stockholm’s history come alive as you wander around this museum. The different floors of this building show the different stages of the city’s developemnet and growth, from the Medieval times to the present day modern metropolis. Smaller exhibitions, like the photographic exhibition, also run concurrently with the main one. The museum has a cafe and a shop, and ...

Collserola Mountain

Collserola Mountain

Barcelona, Spain

The place near Tibidabo or Observatori Fabra is a popular place for biking or walking.  ...

Finlandia Hall

Finlandia Hall

Helsinki, Finland

One of the most popular destinations in Helsinki for concerts and congress events, Finlandia Hall is a marvel for its superb architectural design. Put together by the renowned Alvar Alto, the building is worth a visit just to marvel at the beautiful shapes and geometry that has been put to work in its creation. Multiple dinners and social events are also organized here. The place is a must see at ...

What to do with Children in Tow

What to do with Children in Tow

Mexico City, Mexico

1.    Chapultepec Park: Address: Paseo de la Reforma, Centro Historico, Mexico City Phone:  + 52 555230 2121 The largest natural park in the city. Serene, soothing setting, and plenty of playing space for children as you relax. Also includes the Museum of Anthropology, a treat for young learners, the city’s Zoological Gardens, and a petting zoo for children. ...