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Kuwait’s Jazeera Airways has secured new financial facilities and renewed deals with local banks, amounting to 46.830 million Kuwaiti dinars ($152 million).
The facilities include a letter of guarantee, letter of credit, standby letter of credit, revolving loan, treasury effects facility and overdraft facility.
The current utilised amount is KWD 28.636 million.
The Boursa Kuwait listed low-cost airline said the impact of the portion that will be utilized during the subsequent periods will appear on the financial statements.
(Writing by Brinda Darasha; editing by Seban Scaria)
