Wednesday, November 29, 2017

Jazeera Airways to make order for new jets as part of expansion plan



The budget carrier in Kuwait, Jazeera Airways, sets plans to purchase new aircrafts to replace approximately 15 jets, in a bid to expand the company. 

The airways company is considering a variety of models from different brands to replace its jets, including the Airbus A320neo, the Boeing 737 MAX, Bombardier's CSeries, and Embraer's E2 narrowbody jets.

Rohit Ramachandran, Chief Executive of Jazeera Airways, announced the plans during an industry conference held in Dubai.

Although the Chief Executive would not comment on exactly how many aircrafts the company aimed to purchase, he did confirm that orders are likely to be placed by the end of 2018.

Financing for the new jets is yet to be established, but it is debt-free and has $100mn in cash reserves.

By February next year, two jets will be added to the Kuwaiti company’s selection of seven A320 aircrafts.

It is anticipated that an additional five or six leased planes will be added in the coming five years, stopping at 2022 when the company will start receiving deliveries of the aircraft order.

The carrier is currently expanding in South Asia, with new flights travelling to Hyderabad in India this month, with plans for journeys to neighbouring gulf nations and former Soviet states in Central Asia.

Original article ➤ http://www.businessreviewmiddleeast.com

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