KUWAIT: Jazeera Airways Renews and Increases Credit Facilities To KWD 60 Million
KUWAIT CITY, Kuwait: Jazeera Airways signed an agreement to renew and increase existing credit facilities with a local bank. The facilities total KWD 60 million Kuwaiti dinars and include letters of guarantee plus commercial loans.
KUWAIT CITY, Kuwait
- Jazeera Airways signed an agreement to renew and increase existing credit facilities with a local bank.
- The facilities total KWD 60 million Kuwaiti dinars (USD 193 million) and include letters of guarantee plus commercial loans.
- Interest rates and commissions follow the bank’s applicable regulations.
- The carrier stated no material financial impact on its position at present.
- The used portion of the facilities stands at KWD 47.6 million (USD 153.27 million).
- Impact from further drawdowns will appear successively in financial statements.
- Jazeera Airways recorded a profit of KWD 8.57 million (USD 27.58 million) in the first half of 2026. The result compares with KWD 9.55 million (USD 30.74 million) in the same period a year earlier, a decrease of 10.25 percent.
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