LoadAir to increase capital

10 March 2009

Sheikh Khalifa Ali Al-Khalifa, Chairman and Managing Director of Kuwait-based freight operator LoadAir, said the company has increased its capital from 20 to 40 million shares to raise enough cash needed for its future expansion plans. LoadAir aims to market air freight services in the region and charter two Boeing airplanes (B747-400 ERF). The company also will be leasing 70 Airbus A320s to several companies through the end of 2010.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications