Abu Dhabi’s Royal Jet gets $117m loan to fund aircraft buys
The two Boeing 737-700 BBJ aircraft are due for delivery in September and December
Abu Dhabi-based private charter airline Royal Jet secured a $116.8m loan from Union National Bank to finance the purchase of two Boeing aircraft, the lender said on Thursday.
The two Boeing 737-700 BBJ aircraft are due for delivery in September and December, the bank said in a statement.
The purchases are part of Royal Jet’s plan to expand its fleet to 20 aircraft by 2020, the statement added.