Jazeera Airways to lease three planes from ICBC

Kuwait-based Jazeera Airways has signed a contract to lease three Airbus A320 Neo aircraft from ICBC Aviation, the company disclosed to Boursa Kuwait on Sunday.

The aircraft are expected to be delivered in August and September 2020, it said in the statement said.

Jazeera Airways also added that it will hedge a portion of fuel for 24 months once prices reach $60 per barrel.

Jazeera Airways asserted that it cannot determine the financial impact of the above-mentioned deal at present. - TradeArabia News Service