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Jazeera Airways (J9, Kuwait) now plans to seek only USD1 billion in funding from commercial banks to finance the purchase of new Airbus aircraft, instead of the USD2 billion it said it was looking for last year to fund 70% of the deal, its chairman, Marwan Marzouq Jassim Boodai, revealed this week.

The Kuwaiti low-cost carrier signed in November 2021 a firm commitment to buy twenty A320-200Ns and eight A321-200Ns. No mention was made of specific types, although CEO Rohit Ramachandran had told ch-aviation the previous month that the A321-200NX(LR) and A321-200NY(XLR) were appealing.

However, Jazeera Airways is now seeking to fund only 30% of the deal with financing from commercial banks, Boodai told Reuters on February 7. The rest will come through “sales and lease-backs with aircraft companies,” while the carrier studies the financing process “case by case [...] in line with the best cost.”

Jazeera Airways has already transferred a USD100 million pre-delivery payment for the 28 Airbus narrowbodies, Boodai said, and it has...

Kuwait's Jazeera Airways adds wet-lease A320 capacity