Air Arabia secures $350m loan
Complex Made Simple

Air Arabia secures $350m loan

Air Arabia secures $350m loan

Air Arabia has signed a $350m (Dhs1.3bn) finance deal with Qatar National Bank (QNB Group) and Commercial Bank International (CBI) to support the expansion of the low-cost carrier's fleet, Emirates 24-7 has reported. The facility will support the purchase of 10 new aircraft, which is part of a larger order for 44 A320s placed with Airbus in 2007.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved