Jazeera secures debt facility with AUB

Jazeera Airways Group has announced the signing of a $70.5 million debt facility with Kuwait’s Ahli United Bank (AUB), in a bid to restructure the group’s strategic debt and future growth plans. The facility has a three-year term with a roll-over facility. Jazeera Airways Group Chairman Marwan Boodai, said: “This facility, which will help us fund our future plans, is significant for both its timing, as it comes at time when debt markets are favorable, and for being secured through a bank that is based in our home market.”