Jazeera Airways secures $18.3m credit line

Dubai: Jazeera Airways Group said on Tuesday that it has secured a $18.3 million (Dh67.20 million) aircraft refinancing facility through Arab Banking Corporation (ABC).

The company said that it will use the proceeds to close an existing facility through Natixis, the French corporate and investment bank, which will lead to a reduction of the company’s debt financing charges.

The refinancing facility through ABC has a five-year term.