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.
Address: between Esqs Bárcenas and Piedras The CenterCalle Londres, Las Mercedes Phone: 0212 481 1915 Timings: Tuesdays to Sundays 9am to 12noon, 2pm to 4pm Situated south of the historic core of the city, in a location that at the time of Simón Bolívar formed the uncongested suburbs of Caracas, this is a summer residence in which the revered Venezuelan leader spent his youth. Masterful...
Tellya Sheikh Mosque is a beautifully designed mosque with an Islamic library containing ancient manuscripts and the Osman Quran, which is one of the early copies of the Quran stained with the blood of Hazrat Osman (R.A). ...
If you long for ditching the city with all its clutter and enjoy a serene yet adventurous experience then the desert balloon expedition would be the perfect choice, as you get to enjoy a ride over the magical yellow sand dunes of the desert. The balloon takes off from a desert oasis located north of Al Ain, rising early aiming to watch a dazzling sunrise from up – but keep in mind, they don’t g...
Get a feeling of the native New Zealand forestry in the Riccarton Bush, probably the last of the remains of the Canterbury forests. Take a walk along the lush green shrubs and tall trees and enjoy the quite serene beauty of the place one fine day along the circular track that will take you around the mini forest. Located adjacent to the forest is the Dean’s Cottage that is the oldest built house i...