NO. 27


Financial and Banking News

Regional Financing

Bridging Finance Covers First Kuwait Airways Delivery

Kuwait Airways Corporation (KAC) received a $65mn bridging facility to coverthe cost of an Airbus A340-300, due for delivery on 28 March. The aircraft wasthe first of four A340-300s being delivered over the next three months. A bankgroup led by National Bank of Kuwait and Banque Indosuez is in the process ofarranging a $440mn export credit-backed facility to cover the...