Jazeera Airways to lease 3 aircraft from ICBC

Mubasher: Jazeera Airways has signed a contract to lease three planes (A320 Neo) from ICBC Aviation, the company disclosed to Boursa Kuwait on Sunday, clarifying that the aircraft will be delivered in August and September 2020.

Jazeera Airways added that it will hedge a portion of fuel for 24 months once prices reach $60 per barrel.

Jazeera Airways asserted that it cannot determine the financial impact of the above-mentioned deal in the current time

Source: Mubasher

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.