Dubai, Dubai Aerospace Enterprise (DAE) Ltd. announced today that it had successfully concluded discussions with its existing lenders and reached agreement on a new, 4-year credit facility to replace the existing credit facility maturing on 23 July 2011.
READ MOREEtihad Airways today reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities. A 2 per cent reduction in costs per available seat kilometre, despite large increases in oil prices, also helped deliver a positive EBITDAR (earnings before interest, tax, depreciation, amortisation and rentals) in the six months from January 1 for the first time.
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Amman, Royal Jordanian today signed an agreement with Spanish Aertec and local Consolidated Consultants for Engineering and Environment on a joint venture for the design and supervision of the airline’s world-class hangar to be built at Queen Alia International Airport as part of RJ’s growth and expansion strategy. Aertec & CC are two international firms specialized in designing aircraft hangars
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