Kuwait Airways to seek US$350m loan to pay for planes
Kuwait Airways is seeking a US$350m loan that will help the carrier pay for planes, people with knowledge of the deal said. The state-run airline is talking to banks to raise a 5-year facility, said the people, asking not to be identified because the information is private. It’ll be used to make early payments for narrow-body jets, they said. Kuwait Airways has 15 Airbus A320neo narrow-body planes on order as well as 8 A330neos, 5 A350s plus 10 Boeing 777s. It currently has a fleet of 17 planes, according to information on its website. A spokesman for Kuwait Airways didn’t immediately respond to a request for comment. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-03-18/unaligned/kuwait-airways-to-seek-us-350m-loan-to-pay-for-planes
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Kuwait Airways to seek US$350m loan to pay for planes
Kuwait Airways is seeking a US$350m loan that will help the carrier pay for planes, people with knowledge of the deal said. The state-run airline is talking to banks to raise a 5-year facility, said the people, asking not to be identified because the information is private. It’ll be used to make early payments for narrow-body jets, they said. Kuwait Airways has 15 Airbus A320neo narrow-body planes on order as well as 8 A330neos, 5 A350s plus 10 Boeing 777s. It currently has a fleet of 17 planes, according to information on its website. A spokesman for Kuwait Airways didn’t immediately respond to a request for comment. <br/>
