Royal Jordanian signed a syndicated $ 275 million loan agreement

Dubai, United Arab Emirates: Royal Jordanian Airlines has announced the signing of a syndicated $ 275 million loan agreement, this deal has succeeded in finding a common structure that combines my way of conventional and Islamic financing to meet the different requirements of the Royal Jordanian.

Was signed with the seven banks are headquartered in the United Arab Emirates, Qatar, Jordan and include both Mashreq Bank, which assumed the role of sole coordinator in charge of the loan and the Arab issuing bank, the Bank of Business Bay, Dubai Islamic Bank, Commercial Bank / Qatar, who has worked as an entrepreneur Managing Officer, and the Arab Investment Bank Jordan, who took over the role of the regulator and the Union Bank official who has had the role of regulator.

Royal Jordanian will be used to finance the proceeds of this loan, which extends for five years in a re-financing of existing debt on the company and provide more ways to support the strategic growth plans and continued to strengthen in the short and medium term.

Mashreq has sought, through a network of partners both regions, to meet the financing of Royal Jordanian Airlines and diversify the sources of funding for Islamic banks and conventional banks based in the GCC headquarters of its requirements.

Value by the banks mentioned have Tjaot amount that was required for the loan at the beginning, which reflects the banks 'and financial institutions' confidence in RJ's position as the national carrier of Jordan and clarity of vision of the future of the company, particularly It applies axes major works that form the road map for the coming years plan.

Chairman of the Royal Jordanian administration Sulaiman Hafiz explained that the company has succeeded in signing an agreement of this syndicated loan, which comes as part of a strategic shift and raise capital and refinance its debt in order to implement its plans for growth and expansion studied both on the lines or updated aircraft fleet level, pointing to the company will continue to update its fleet introducing more Boeing 787 aircraft by the end of this year within the preset plan after it had been introduced in 2014, five aircraft of this evolving style.

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Interview-DAE expects 30-35 deal planes in 2016

Dubai February 7 (Reuters) - Chief Executive Officer of DAE, said Sunday that the company, one of the aircraft leasing of the few companies in the Gulf expects to add between 30 and 35 aircraft to its existing portfolio, which includes 97 aircraft in light of the expected increase in demand after the lifting of sanctions on Iran.

Iran agreed that sanctions prevented it from buying aircraft lawfully with European manufacturers last month to buy up to 158 aircraft, but delivery of these aircraft may take several years.

Feroze Tarapur said in an interview with Reuters that Iranian airlines will look to aircraft leasing available immediately when he received the European aircraft.

"We hope to book between 30 and 35 and other aircraft will be diversified demand among broad aircraft hull, aircraft and skinny with a turbine engine."

The airline is looking ahead to the delivery of funding from banks or leasing companies measure to pay for the deals. Some companies sell and then lease the aircraft again.

He Tarapur "I think there is an opportunity in the short term because the tenants have a ready-made equipment as well as when the airline receives new aircraft and need solutions for financing or leasing."

Dubai owns DAE 37 aircraft ATR 72-600 in addition to options for twenty aircraft. Iran agreed to buy the aircraft from a company owned by Airbus and the Italian Finmeccanica group.

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Low summer bookings in Turkey 40% due to security concerns

"TUI" group, the largest tourism company in the world that bookings to Turkey next summer have dropped by around 40%, due to security concerns, at a time when the group announced Tuesday its losses shrank in the first quarter.

And caused by the terrorist attacks that took place in Egypt, Tunisia, Turkey and Paris in recent months, clearing the tourists from these famous destinations, also it led Zika virus outbreak in the Americas to undermine the prospects for global tourism.

And it kept the "TUI" listed in London on expectations of higher core earnings by at least 10%, based on the stability of exchange rates, and said that customers prefer to spend holidays in its hotels in Spain and the Canary Islands.

The company announced the limited losses in the first quarter, before interest, taxes and amortization (EBITDA) at 101.7 million euros ($ 114 million) for losses by 104.8 million euros a year ago.

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Rotana: 3 new hotels to join the hotels in Doha in 2018

Under different brands and new owners

Mr. Guy Hutchinson, Chief Operating Officer revealed in Rotana Hotel Management opening of three hotels in Doha in 2018 before the final plans under different brands and with new owners, pointing out that the company has an integrated strategy to provide a 2000 hotel rooms in the local market until 2022.

Hutchitson: 2000 hotel rooms for "Rotana" in the local market in 2022

And the Chief Executive during Sajafi conference in Rotana Doha City Center Hotel within the promotional tour for the series and Resorts by Rotana in the GCC for 2016 states Hotels, said the company is interested in marketing to its hotels in Qatar and operates the Oryx Rotana Hotel and Rotana Hotel City Center Doha, noting that the opening of three new hotels in Doha during the next three years, confirms the company's commitment to expansion plans in the Qatari market. These openings will include "Centro Capital Doha", which boasts 220 is scheduled to open March 15 of 2016. The room Add to my hotel "Plaza Rayhaan by Rotana, Doha," which offers its guests 400 rooms and suites, is scheduled to open in 2017, and "Down Town Arjaan by Rotana, Doha, "the 225 suites hotel, which will open its doors to guests in 2018.

Hutchinson said during his reply to reporters' questions that the economic crisis and oil prices impact on the work of companies and there are many companies have begun to reduce their expenditures are explaining. That investing in hotels is not an investment in real time, but is a long investment term and continuous is not affected significantly by any crisis, said Guy that 75% of the hotels in the Qatari market is a five-star so there is a tendency for the opening of hotels classification 3-4 Stars which It will do Rotana through the opening of the Centro Hotel, stressing that Qatar currently need to medium hotels that combines the appropriate price and provide comfort and high-level service for business travelers to fill the gap in the hospitality market in Qatar, which is rich in luxury hotels in the current period levels, opening the door Chalets signs such as "Centro by Rotana.

He explained that the company Gaye hotels have achieved very good results during the 2015 Doha hotels, where occupancy rates recorded 72%. In hoteliere Rotana together above the 90%.

Guy Hutchinson pointed out that the new hotels will add 845 rooms, bringing the total hotel rooms managed by Rotana in Qatar to 1,876 rooms, it was also put forward ideas about the expected in the hospitality industry for 2016 trends, as well as speculation about the performance of the hospitality and tourism sector in Qatar through This year.

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General Manager: Turkish Airways is seeking to increase its flights to Iran

Istanbul February - General Director of Turkish Airlines Temel Kotil said today that the company has asked the Iranian Civil Aviation Authority to allow it to increase the number of flights flying to Tehran in an effort to take advantage of the lifting of Western sanctions on its neighbor.

Kotil said during a press conference in Istanbul "walked six daily flights to Tehran and asked for three additional flights," he said, adding that the company also requested an increase in the number of flights to destinations other Iranian.

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Airbus postpones delivery of Qatari "New A320 aircraft."

Because of delays in motor manufacturing

Company "Airbus" she said in a press release today that it informed the new aircraft customers Airbus model "A320 New" that it will delay the delivery of the already delayed orders to other months, so as to delay the engines "Pratt & Whitney" a manufacturing company in the delivery of new engines.

Press release issued by Airbus did not give the number of aircraft that will be delivered to a customer delay, which included Qatar Airways.

The statement pointed out that each of the "Airbus" and "Pratt & Whitney" in the process of final negotiations with international carriers that asked for the new aircraft, to achieve the requirements of these companies and included in the final lists in the expected delivery have a process to be in the second half of this year.

It was supposed to be a Qatar Airways, is the first company worldwide which use this plane, but the company delayed the receipt of this plane after the emergence of a defect in the engines represent the cooling systems and the length of time required for the operation, which means consumption system the biggest fuels.

Earlier, Mr. Akbar Al Baker, CEO of Qatar Airways, announced that the delayed delivery of orders from Airbus hinder the company's expansion plans, which are scheduled to use this aircraft in some new lines for the company.

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IATA: Middle East carriers lead the global aviation growth

International Air Transport Association «IATA» confirmed that Emirates and Middle East carriers lead growth in the civil aviation industry, where the region's carriers grew by 10.5%, the highest growth rate among airlines in the world, according to the newspaper statement.

According to data of «IATA» Emirates is the largest airline in the world in terms of air miles traveled, the largest airline in the world in the international travel market.

She said «IATA» in its report on the airline carriers that the Middle East's share of international flights rose to 14.2%, surpassing for the first time North American carriers, which fell a second with a share of 13.4%. And grown airlines in the Middle East, capacity rose by 13.2%, while trips occupancy rate was 76.4%.

She said IATA in its report that air traffic in the last year recorded a growth rate of 6.5% compared with the year 2014 in terms of passenger revenue per kilometer, the highest growth rate recorded since 2010 after the recovery of the aviation industry from the effects of the financial crisis that hit the world in 2008. As this growth exceeds the growth of the industry during the past ten years, which amounted to 5.5% rate.

The report pointed out that despite signs of economic weakness to a number of countries in the world, but the demand for passenger traffic continued to grow over the past year, driven by the decline in air fares, due to lower global oil prices. Ticket prices have fallen over the last year by 5.5%, compared with 2014.

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