Daily Archives: January 15, 2015

Jazeera Airways Group signs agreement to sell 15 Airbus A320s for USD 507 million (KWD149 million) to a consortium comprising Chow Tai Fook Enterprises Limited (Hong Kong) and Investec Bank PLC (UK) in a strategic move to further grow the Group’s star performer, Jazeera Airways

Transaction results: Jazeera Airways Group which is already profitable will eventually become an asset-light, debt free and cash-rich business. Jazeera Airways Group will deliver higher return on equity for shareholders for the years to come Proceeds will