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Jazeera Airways to lease 3 aircraft from ICBC

Jazeera Airways to lease 3 aircraft from ICBC
Jazeera Airways will hedge a portion of fuel for 24 months
JAZEERA
JAZEERA
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Mubasher: Jazeera Airways has signed a contract to lease three planes (A320 Neo) from ICBC Aviation, the company disclosed to Boursa Kuwait on Sunday, clarifying that the aircraft will be delivered in August and September 2020.

Jazeera Airways 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 in the current time