SUBSCRIBERS
Royal Jordanian Air exploring sale of its first bonds
Add BT as a preferred sourcePublished Tue, Nov 26, 2013 · 10:00 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[DUBAI] Royal Jordanian Airlines, the unprofitable carrier seeking a merger, is exploring a sale of its first bonds or sukuk along with more shares to prop up a balance sheet hurt by fuel costs and a local travel slump.
The company may sell a Syariah-compliant or conventional security in the second quarter of 2014, chief executive officer Amer Hadidi said in an interview at the Dubai Air Show.
The amount will depend on how much money is raised from the share sale, which is scheduled for the first quarter, he added.
Share with us your feedback on BT's products and services
