ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 02:16 UAE time

YOUR DIRECTORY /

| Share |

Wataniya Airways leases planes from AerCap

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 28 August 2008
AIRBUS CUSTOMER: Wataniya is leasing three Airbus A320s such as this one in the service of Vladivostok Avia. (Getty Images)

Kuwait's Wataniya Airways said on Wednesday it has signed a deal to lease three Airbus A320 planes from Dutch aircraft leasing company AerCap.

The three aircraft have been leased for nine years as of 2010, said the firm which plans to start operations in January without giving the value of the deal.

The new aircraft would double the size of Wataniya's fleet plans to operate to six planes, said Wataniya, one of three airline firms in the Gulf Arab state.

Story continues below
advertisement

Wataniya Airways, in which Kuwait Projects Co (KIPCO) and other corporate investors own 30 percent, wants to have at least 12 aircraft, including wide-body planes by 2012, according to a report obtained by newswire Reuters in May.

The airline will compete with loss-making state-owned Kuwait Airways Corp and Jazeera Airways, a low-cost airline.

The Gulf aviation industry is booming as surging economies spurred by record oil prices attract tourists, business people and workers to the world's top oil exporting region. (Reuters)

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

KAMCO.KSE

Last Price:

480.00

0.000.00%

31 Dec 1969 20:00 GMT
(Market Closed)

RELATED LINKS

  1. KIPCO Asset Management Company»

 EMAIL ALERTS

  1. KIPCO Asset Management Company

  2. Wataniya Airways

  3. Travel & Hospitality


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM