Kuwait lessor to order 40-50 Boeing, Airbus planes

By Ulf Laessing KUWAIT (Reuters) - The founders of Kuwaiti carrier Jazeera Airways (JAZK.KW: ) are setting up a new leasing company that will order up to 50 planes from Airbus (EAD.PA: ) next year to meet surging aviation traffic in the Gulf. The low-cost carrier said in a statement that founders Kuwaiti investment bank NBK Capital (NBKK.KW: ) and German transport finance bank DVB Bank (DVBG.DE: ) would jointly launch the $375 million aircraft leasing company by year-end. Jazeera Airways Chief Executive Marwan Boodai told Reuters the new company, called Shabab Aircraft Leasing Co, would make a first order by... [read full story]