Business | Aviation
Airbus and Kuwait plan finance unit
Kuwait's Islamic firm Investment Dar is in talks with European plane maker Airbus to set up a joint venture to finance aircraft purchases, a newspaper said.
- Reuters
- Published: 00:24 June 24, 2007
Kuwait City : Kuwait's Islamic firm Investment Dar is in talks with European plane maker Airbus to set up a joint venture to finance aircraft purchases, a newspaper said.
Kuwait's Al Rai newspaper said the joint venture would have a capital of 100 million dinars ($347.1 million), of which 50 per cent would be sold in a private placement.
It did not disclose the source of the report.
Investment Dar could not be immediately reached for comment. A spokesman for EADS had no immediate comment.
Investment Dar would own 30 per cent, while Airbus would get 20 per cent of the new firm, the paper said.
Share this article
Popular in Business
Business Editor's choice
-
Hamdan opens interior design expo
Index 2009 will feature 1,000 exhibitors from 47 nations
-
Marina Residence handovers begin
Despite talk of oversupply, Palm Jumeirah's latest apartments come online.
-
Travel insurance offers peace of mind
The wisest thing to do is to take out travel insurance before you leave.
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
