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
Antigua and Barbuda to showcase their co...
Constance Halaveli Maldives offers the l...
Multiple Langham Hotels named in 2020 Re...
Featured Sights To See
Goethe Museum

Goethe Museum

Frankfurt, Germany

This museum is an extensive display of the Goethe Age and is in commemoration of the greatest German writer Johann Wolfgang von Goethe. It shows pictures and paintings from German artists belonging to various time periods, which depict changing traditions and cultures. It also has an extensive library of literature and historical texts. Adjacent to the museum is the Goethehaus, which was the home ...

Chinatown Heritage Center

Chinatown Heritage Center

Singapore, Singapore

Take a walk down the Heritage Centre to get a glimpse of the history of Singapore from the time of the earliest settlers to the present. The place mainly characterizes the strenuous routine living of Chinese people in Singapore. The Heritage Center also conceptualizes the major social evils prevalent in the society which include prostitution, gambling and opium addiction. A visit to this place wil...

Gammeldok

Gammeldok

Copenhagen, Denmark

Tourists who are interested in architecture should make it a point to visit the Gammeldok at least once during their stay at Copenhagen. Located at Strandgade 27B in Christianshavn, the Gammeldok is a forum where architects and other interest groups can gather and appreciate contemporary as well as historic architecture. It holds daily exhibitions from 10 am to 5 pm. Address: Strandgade 27B...

The Central Market

The Central Market

Hong Kong, China

The Central Market is in the corner of Queen Victoria Street. It has a central courtyard and six floors. One of the first markets of Hong Kong, one can find all kinds of traditional handmade Chinese goods here. For all meat shopping this is the place to go to. In fact it is the biggest supplier of meat products in South Asia. This is also a place to collect rare Chinese herbs and roots and ...