VOL. XLI

No. 15

13-April-1998

KUWAIT

Kuwait Airways Signs $282Mn Loan

The Kuwaiti national airline, Kuwait Airways, announced on 29 March that it has signeda $282mn loan facility to finance the purchase of two Boeing 777 aircraft. The first ofthe aircraft has been delivered, with the second expected for delivery towards mid-summer.The deal, lead-managed by the National Bank of Kuwait (NBK), was signed with NBK, Bank ofBahrain and Kuwait, Burgan Bank, Arab Banking Corporation and the Gulf...