NO. 25


Financial and Banking News

Regional Financing

NBK And Indosuez Still Finalizing Kuwait Airways Financing

At MEES press time on 17 March, National Bank of Kuwait (NBK) and BanqueIndosuez were still finalizing the terms of their $440mn financing for KuwaitAirways Corporation (KAC). One of the unresolved issues concerned bridgingfacilities to cover the delivery of the first A340-300 in the batch, which wasdue on 28 March. The other three aircraft, all A-340-300s, will...