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
South African National Gallery

South African National Gallery

Cape Town, South Africa

This gallery is small and elegant. Whilst there isn’t such a great collection of art on exhibit here due to lack of space; this is a must stop for those visiting Cape Town. It allows for visitors to have a much more critical and generally a deeper understanding of South Africa’s history and culture and the evolution this country has undergone. Fighting sticks and traditional African beadwork in ad...

Diving in Sharm El Sheikh

Diving in Sharm El Sheikh

Sharm el Sheikh, Egypt

Kids of today love to play in water. Diving in the sea waters isn’t something that kids get to do everywhere. But Sharm El Sheikh has several places where kids could go for water recreational sports. Such places have trained lifeguards to avoid any accident or casualty. ...

Roman Baths

Roman Baths

Beirut, Lebanon

The Roman Baths were lost to the city for several years and were discovered in 1968-69. It wasn’t until the 1995-97 period of reconstruction that they were fully discovered. Situated behind Bank Street, the site is surrounded by a garden which attempts to recreate the atmosphere of ancient Roman gardens. In addition, there is a small amphitheater for open-air concerts. Rue Riad El Solh, Beirut...

La Boca

La Boca

Buenos Aires, Argentina

The first things you’ll notice in La Boca are the brightly coloured houses! Many wooden and corrugated iron houses have been painted in primary colours and are a treat for the eyes. The houses were built and painted by Italian immigrant families who liberated materials and paint from the local docks where they worked. The whole area is pretty much a little Italy. Calle Caminito is the most famous ...