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
Ensemble Khazret Imam
Tashkent, Uzbekistan
Ensemble Khazret Imam is the tomb of one of the first Imams of Tashkent. It has a library which displays some of the remaining pieces of the world’s first Quran, which was written 19 years after the Prophet Muhammad’s (PBUH) death. ...
Umm Al Jimal
Amman, Jordan
The town of Umm Al Jimal was likely founded by the Nabateans in the first century BC. It was incorporated into the Roman Empire in the second century AD, but soon after was destroyed in a revolt. During the Byzantine Period, the city prospered as a military outpost and trading center. It's heyday was during the sixth and seventh centuries, before war and a devastating earthquake ...
Templo Mayor
Mexico City, Mexico
The site for an ancient temple built by the Aztecs at Tenochtitlan, and destroyed subsequently by the invading Spanish armies, who then built a cathedral at the site. The buried temple chambers were discovered by accident in 1978, and the site was soon reclaimed as a heritage site. Now you can actually see the layers of Aztec construction as you walk down the excavated site. A modern museum, the M...
10 Downing Street
London, United Kingdom
Number 10 Downing Street has been the official residence of the British Prime Minister since King George II presented it to the First Lord of the Treasury, Sir Robert Walpole, and he took up residence there on 22 September 1735. The brass sign on the door still says, "First Lord of the Treasury." The world's most famous street, Downing Street, is named after Sir George Downing who was born ...