16-Feb-2010 5:11 PM
Jazeera Airways purchases Sahaab Aircraft Leasing Co.; Royal Jordanian posts net profit
Analysis
Jazeera Airways' (+2.1%) shares made gains after the carrier announced it has fully acquired Sahaab Aircraft Leasing Co (Sahaab), a private aircraft leasing firm, for KWD25.6 million. The acquisition gives Jazeera Airways a platform to "pursue strategic vertical integration initiatives" lined up for 2010 and 2011 that include an airline acquisition and access to global leasing markets.
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