ID :
106020
Thu, 02/11/2010 - 14:19
Auther :
Shortlink :
https://oananews.org//node/106020
The shortlink copeid
Aabar to spend US$20m on aviation company
Abu Dhabi, Feb 11, 2010 (WAM)- Abu Dhabi's Aabar Investments said on Wednesday it will invest US$20 million (Dh73.4 million) in America's aviation company XOJET Inc and plans to create a private aviation services company for the region according to a report by REUTERS.
Aabar plans to partner with XOJET, an airline company that offers private jet services to business and leisure travellers mainly in the US, through a joint venture deal, the company said in a statement on the bourse website.
"Aabar and XOJET Inc. are intending to join together to create a UAE-based joint venture company that will provide first class private aviation services to various destinations within the Mena region," it said. – (Reuters)
Aabar plans to partner with XOJET, an airline company that offers private jet services to business and leisure travellers mainly in the US, through a joint venture deal, the company said in a statement on the bourse website.
"Aabar and XOJET Inc. are intending to join together to create a UAE-based joint venture company that will provide first class private aviation services to various destinations within the Mena region," it said. – (Reuters)
