Royal Jet gets $117m loan to fund aircraft buys
ATP- arab tourism portal- ABU DHABI, Abu Dhabi-based private charter airline Royal Jet secured a $116.8 million loan from Union National Bank to finance the purchase of two Boeing aircraft, the lender said last Thursday.
The two Boeing 737-700 BBJ aircraft are due for delivery in September and December, the bank said in a statement.The purchases are part of Royal Jet’s plan to expand its fleet to 20 aircraft by 2020, the statement added.
