Business Services Industry
OMAN: OMAN AIR SIGNS FINANCING DEAL WITH BARCLAYS BANK.(Brief Article)
IPR Strategic Business Information Database, July, 2003
According to oOman Observero, Oman Air recently concluded financing arrangements covering the acquisition of a B737-800 aircraft. The loan package, provided by Barclays Bank PLC and arranged by Barclays Capital, is supported by the Export-Import Bank (Ex-Im) of USA and has a tenure of 12 years.
A statement issued by Oman Air said the airline has been able to obtain very attractive financing terms, especially in the context of the current market scenario. The companyAEs attributed its success in this regard to its orealistic and credible future planso envisioning the development of Oman Air as a niche regional carrier. Ex-ImAEs support enabled Oman Air not only to benefit from significantly lower finance cost, but also added to the companyAEs stature in financial...
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