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
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Chandni Chowk

Chandni Chowk

New Delhi, India

The bazaars that surround Chandni Chowk, in Old Delhi, offer a colourful, heaving and pungent slice of Delhi life, with shops and stalls displaying a spectacular array of goods, from fish and poultry to second-hand goods, gemstones and gold, garlands, turbans, tinsel and spare car parts. They are an unmissable part of any visit to the city. The covered Gadodial Market is the wholesale spice marke...

National Museum

National Museum

Kuwait, Kuwait

The National Museum is Kuwait’s first museum, and was the former home of the Al Badr family in Kuwait City. Although the architectural plans were ready by 1960, construction began only in 1981. The museum was once a treasure trove for the royal family, displaying Islamic artifacts and royal material, however after the invasion a lot of it was destroyed. It is located on the Arabian Gulf Street bet...

Giraffe Center

Giraffe Center

Nairobi, Kenya

Rothschild Giraffes faced a fear of extinction. It was this center which made an all out effort to save them. There are Giraffes which can come and feed from your hands here now. It is a favorite with children.  There are also bushbucks, dik-diks and warthogs found here. The gift and souvenir shop is well stocked and not very expensive. The Giraffe Manor in the premises is now an up market ho...

Uspenski Cathedral

Uspenski Cathedral

Helsinki, Finland

This is the largest Orthodox Churches in Western Europe and serves the small Orthodox minority in Helsinki. The church was built by the Russians and is quite architecturally magnificent. The five domes are said to be decorated with 22 carat gold on top. The church is one of the most prominent and eye catching buildings in the city. Opening Time: Opening times vary all year round, so call befo...