Lufthansa Technik and Sama Airlines from the Kingdom of Saudi Arabia have signed a contract for Total Material Operations TMO®. According to the agreement, Lufthansa Technik will provide material and engineering services for the low-cost airline’s growing fleet of to date six Boeing 737-300s in the upcoming seven years. The services will start in March.
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Lufthansa Technik and Oman Air, the national airline of the Sultanate of Oman, plan to form a joint venture to provide technical support for the airline’s modern and growing fleet and for other customers in the region.
READ MOREDubai, Dubai Aerospace Enterprise (DAE) Ltd, confirmed today that it has closed an US$800 million equivalent Term Loan and Revolving Credit Facilities (the “Facilities”) jointly arranged by Citibank N.A., Deutsche Bank AG, Emirates Bank International PJSC (an Emirates NBD Company), Lloyds TSB Bank Plc and an Islamic tranche managed by Noor Islamic Bank.
READ MOREDubai GE Capital Aviation Services Limited (GECAS) today announced it has leased five new Boeing 737-800 aircraft from its existing order book to Atlas Blue, a subsidiary of Royal Air Maroc. Deliveries of the aircraft are scheduled for 2011.
READ MOREEtihad Airways has agreed aircraft financing facilities worth more than US $210 million to acquire two new Airbus A340-600 wide-body aircraft to add to its expanding fleet.
READ MOREEmirates Airline stated that the world financial crisis will not impede the expansion campaign because the company is not facing problems with funding aircraft despite the decrease in liquidity on Monday.
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Amman, during a meeting convened by Mr. Nasser Lozi, the Board of Directors of Royal Jordanian announced the results for the company’s operations during the first half of year 2008. These results underline the net losses that the company has made and which reach around JD 1.3 million.
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