Kuwait’s Jazeera Airways Renews $58mln Bank Facilities

Kuwait’s Jazeera Airways has signed a facilities renewal agreement with a local bank amounting to KWD 18 million ($58.3 million), covering a standby letter of credit, letters of guarantee and a revolving loan, subject to applicable interest rates and commissions in line with the bank’s terms.

The company said the agreement has no material impact on its financial position.

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