INSEAD Day 4 - 728x90

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Jazeera airways to buy 28 Airbus aircraft for $3.4bn

A file picture of a Jazeera plane taxing to take off.
  • The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations
  • The airline said that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation

Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.

The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations, Al Rai reported, citing a disclosure published on the Kuwait Stock Exchange website.

The airline further clarified that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation in the medium and long term.