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Kuwaits Jazeera Airways secures 200m financing for A320 aircraft |
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Tuesday, 25 October 2011 00:37 |
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Kuwait: Kuwait's low-cost carrier Jazeera Airways has said it has secured $200m in financing to buy four Airbus A320 aircraft, and said it expects "record" profits in 2011, Reuters has reported. "By the end of 2011, Jazeera Airways would have completed its turnaround and covered all its losses," said the airline's chairman Marwan Boodai. The carrier does not plan another capital hike in the next three years, Boodai said, adding that Jazeera had scrapped plans to set up its own terminal.
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