16-Feb-2010 8:17 AM

Jazeera Airways acquires Sahaab Aircraft Leasing Co

Jazeera Airways announced (15-Feb-2010) it has fully acquired Sahaab Aircraft Leasing Co, a private aircraft leasing firm, for KWD25.6 million (USD89 million). Sahaab currently owns a fleet of nine A320s with firms orders for 38 A320s to be delivered by 2016. The acquisition gives the LCC a "platform for vertical integration to increase profitability and facilitate growth". [more]