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Jet Airways concludes five-year syndicated loan facility of $150 million

23 Dec 2014 Evaluate

Jet Airways (India) has successfully concluded a five-year syndicated loan facility of $150 million. This once again reiterates the multitude of synergies developing between the Middle East and the Indian subcontinent. Mashreqbank psc, was the sole initial mandated lead arranger and book runner for the transaction.

The transaction was fully subscribed to, by banks spread across the Middle East region, from Dubai, Abu Dhabi, Bahrain and Doha-based financial institutions. The participating banks include Abu Dhabi Commercial Bank PJSC, and Commercial Bank International PJSC as the Mandated Lead Arrangers and Ahli United Bank B.S.C and Arab Banking Corporation B.S.C., as the Lead Arrangers. Alpen Capital acted as financial advisors to Jet Airways for the transaction.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
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