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FinancialNews


  • 18-03-19

    Kuwait Airways eyes USD350m in loans

    (MENAFN) Kuwait Airways was revealed to be targeting USD350 million in loan to be secured in order to make payments for planes.

    According to sources, the Kuwaiti national carrier entered negotiations with several banks so as to close in on a five-year loan agreement.

    Through the targeted loans, sources explained, the national carrier is expected to pay for narrow-body jets early.

    The airline already ordered 15 Airbus SE A320neo narrow-body planes along with 8 A330neos, 5 A350s and ten Boeing 777s.

    MENAFN1803201900450000ID1098268225

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