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Oman Air taps regional debt markets
17 November 2011
After securing a $56 million term loan with Oman’s Bank Dhofar earlier this year, the carrier could also finance pre-delivery payments for 787s locally.
At this week’s Dubai Air Show, Oman Air
announced that it would buy six 787-8s from Boeing. The airline
had signed a provisional agreement in 2007 to lease the same
aircraft from Kuwaiti lessor, Alafco. Read more here.
Japeen Shah, CFO, Oman Air, tells Airfinance Journal that
negotiations over who would buy the aircraft have lasted three
years. During that period Oman Air had at one
point agreed to lease three aircraft from Alafco and buy
the remaining three aircraft....
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