September 2008

Bahrain Air

Bahrain Air Doubles Authorized Capital to BD 20 Million to Buy New Aircraft.

News Desk Sep 15, 2008 0

The airline company Bahrain Air stated on Saturday that it has doubled its authorized capital from BD 10 million to BD 20 million for the purpose of financing the purchase of six Airbus A320 aircraft.

Jordan Aviation

Saudi based Swicorp Acquires Strategic Stake in Jordan Aviation

News Desk Sep 9, 2008 0

Riyadh, Saudi Arabia, Swicorp, the diversified financial services firm operating through offices in the Middle East and North Africa, today announced it has extended its private equity portfolio of investments to aviation, by purchasing a strategic stake in Jordan Aviation ("JATE"), for an undisclosed sum.