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Jordan News
31-07-2025
- Business
- Jordan News
Royal Jordanian Reports $17.9M Profit in First Half, Reversing Previous Loss - Jordan News
Royal Jordanian (RJ) reported a net profit of JD12.7 million (USD 17.9 million) for the first half of 2025, marking a sharp turnaround from a JD27.4 million loss during the same period last year. اضافة اعلان Operating revenues rose to JD375 million, up from JD338 million in H1 2024. The airline carried 1.892 million passengers during the first half of the year an 8% increase compared to 1.759 million in the same period last year. In a statement released Wednesday, the company confirmed that its Board of Directors chaired by Eng. Said Darwazeh had approved the financial results following a review by an independent external auditor. The figures reflect improved operational performance and strengthened key indicators, as the airline continues to execute its strategic plans focused on fleet and network modernization, enhanced services, and improved on-time performance. RJ Vice Chairman and CEO, Eng. Samer Majali, said the results reflect ongoing efforts to boost efficiency, noting that the airline achieved a seat load factor of over 80% and an on-time performance rate of 89.9%. Majali attributed the positive financial performance to firm control of costs and expenditures across the business, as well as a drop in fuel prices. He emphasized that the results affirm the airline's strategic direction and its progress toward restoring financial stability. While the first half of the year is typically a low season for airlines, RJ's performance exceeded budget expectations despite the challenging regional environment. Majali expressed confidence in continued net profit growth through year-end. In the first half of 2025, Royal Jordanian also recorded major milestones in network growth and fleet renewal. The airline launched a new route to Benghazi, supporting both medical travel and tourism. RJ was among the first carriers to resume flights to Damascus and Aleppo, and it launched new routes to Washington, D.C., reinforcing its role as a key connector between the Middle East and North America. A direct service to Mumbai was also inaugurated, aimed at strengthening travel, tourism, and business ties between Jordan and India. Looking ahead, the airline is set to announce a new route to Casablanca in October, with two weekly flights. On the fleet side, Majali confirmed the delivery of seven new Airbus A320neo aircraft, with four more expected to arrive in August bringing the total to 11 by mid-month. By the end of the year, Royal Jordanian plans to complete the full renewal of its medium- and regional-range fleet, retiring older aircraft. The updated fleet will include 14 Airbus A320/A321neo jets and 7 Embraer 190/195 E2s by early next year. With these upgrades, the average age of RJ's fleet will fall to under four years making it the youngest in the region. The new aircraft offer a step-change in passenger experience, with features such as in-flight Wi-Fi, personal entertainment screens at every A320neo seat, and premium cabin interiors, particularly in Crown Class. Enhanced seat pitch and fuel-efficient engines will also improve service quality while reducing environmental impact. Majali added that three of the new A320neo aircraft are equipped with 180 all-economy seats, tailored to meet growing demand from inbound tourism and support the local economy. He also emphasized RJ's role in maintaining Jordan's air connectivity during periods of regional turbulence. Despite temporary airspace closures, the airline continued to operate safely and reliably, transporting passengers even as other carriers suspended operations. RJ also added extra flights to support travelers affected by the disruptions.
Zawya
22-05-2025
- Business
- Zawya
Royal Jordanian Airline signs $250mln syndicated loan agreement led by Arab Bank
AMMAN — Royal Jordanian Airline (RJ) announced on Wednesday the signing of a $ 250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions. This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank. During the signing ceremony, RJ Chairman of the Board of Directors Said Darwazeh stressed the airline's deep roots. "Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub," Darwazeh added. He noted that "despite various challenges globally and in the region, the airline continued its operations with resilience and determination, fulfilling its national mission and significantly contributing to Jordan's economy, especially in tourism and transport." Darwazeh highlighted the agreement as "a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector," adding that it "reflects the confidence that local and regional financial institutions have in the company's long-term vision." Darwazeh said: "We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy." RJ Vice Chairman and CEO Samer Majali said: "As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernising its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan". "Fleet modernisation is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations,' he added. Majali also expressed pride in the financial sector's backing: "We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability.' He voiced RJ's full commitment to repaying the previous syndicated loan on schedule, even under the most challenging conditions during the COVID-19 pandemic, played a key role in reinforcing this trust and encouraging broader participation from financial institutions. CEO of Arab Bank Randa Sadik said that this $ 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. "The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions." She added that this financing contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Royal Jordanian Signs $250 Million Syndicated Loan Agreement led by Arab Bank
Royal Jordanian signed today a syndicated loan agreement valued at USD 250 million, led by Arab Bank with the participation of several Jordanian and regional banks. This step underscores the solid confidence the banking sector places in the airline. In his opening remarks at the signing ceremony, Royal Jordanian's Chairman of the Board of Directors Said Darwazeh said that Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub. Despite the various challenges in the world and in the region in particular, the airline continued its operations with resilience and determination, carrying out its national mission and contributing significantly to Jordan's economy, particularly in the tourism and transport sectors. He added that this agreement marks a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector. It also reflects the confidence that local and regional financial institutions have in the company's long-term vision. 'We see this partnership as a vital enabler of Royal Jordanian's transformation and modernization efforts, reinforcing its regional and global competitiveness.' 'We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy,' Darwazeh said. Commenting on the occasion, Vice Chairman of the Board and Chief Executive Officer of Royal Jordanian Samer Majali said: 'As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernizing its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan; this strategic direction requires reliable financial support. Fleet modernization is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations. 'We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability. Our full commitment to repaying the previous syndicated loan on schedule even under the most challenging conditions during the COVID 19 pandemic played a key role in reinforcing this trust and encouraging broader participation from financial institutions,' Majali commented. Randa Sadik, Chief Executive Officer, Arab Bank commented: 'This USD 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions.' This financing, Sadik added, directly contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally.
Jordan Times
21-05-2025
- Business
- Jordan Times
RJ signs $250m syndicated loan agreement led by Arab Bank
Royal Jordanian announces on Wednesday the signing of a $250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions (Petra photo) AMMAN — Royal Jordanian Airline (RJ) announced on Wednesday the signing of a $250 million syndicated loan agreement, led by Arab Bank and several Jordanian and regional financial institutions. This step underscores the solid confidence the banking sector places in the airline, according to a statement by the Arab Bank. During the signing ceremony, RJ Chairman of the Board of Directors Said Darwazeh stressed the airline's deep roots. "Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub," Darwazeh added. He noted that "despite various challenges globally and in the region, the airline continued its operations with resilience and determination, fulfilling its national mission and significantly contributing to Jordan's economy, especially in tourism and transport." Darwazeh highlighted the agreement as "a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector," adding that it "reflects the confidence that local and regional financial institutions have in the company's long-term vision." Darwazeh said: "We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy." RJ Vice Chairman and CEO Samer Majali said: "As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernising its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan". "Fleet modernisation is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations,' he added. Majali also expressed pride in the financial sector's backing: "We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability.' He voiced RJ's full commitment to repaying the previous syndicated loan on schedule, even under the most challenging conditions during the COVID-19 pandemic, played a key role in reinforcing this trust and encouraging broader participation from financial institutions. CEO of Arab Bank Randa Sadik said that this $250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. "The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions." She added that this financing contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally.
Saraha News
21-05-2025
- Business
- Saraha News
Royal Jordanian Signs $250 Million Syndicated Loan Agreement led by Arab Bank
– Royal Jordanian signed today a syndicated loan agreement valued at USD 250 million, led by Arab Bank with the participation of several Jordanian and regional banks. This step underscores the solid confidence the banking sector places in the airline. In his opening remarks at the signing ceremony, Royal Jordanian's Chairman of the Board of Directors Said Darwazeh said that Royal Jordanian has a long-standing legacy as the national carrier and has, since its establishment, served as a key pillar in connecting Jordan to the world and reinforcing its role as a regional hub. Despite the various challenges in the world and in the region in particular, the airline continued its operations with resilience and determination, carrying out its national mission and contributing significantly to Jordan's economy, particularly in the tourism and transport sectors. He added that this agreement marks a strategic milestone that underscores the strong relationship between Royal Jordanian and the banking sector. It also reflects the confidence that local and regional financial institutions have in the company's long-term vision. 'We see this partnership as a vital enabler of Royal Jordanian's transformation and modernization efforts, reinforcing its regional and global competitiveness.' 'We greatly value the role played by Arab Bank and all participating banks in facilitating this banking arrangement. We look forward to continued constructive collaboration that supports the company's objectives and contributes positively to the national economy,' Darwazeh said. Commenting on the occasion, Vice Chairman of the Board and Chief Executive Officer of Royal Jordanian Samer Majali said: 'As part of our recently launched growth and expansion strategy, Royal Jordanian is focused on modernizing its fleet, expanding its route network, investing in our growth ambitions especially in aviation support ventures, digital transformation and advanced technologies, in addition to settling the remaining balance of the existing loan; this strategic direction requires reliable financial support. Fleet modernization is a cornerstone of our commitment to sustainability, as modern aircraft play a crucial role in reducing fuel consumption and carbon emissions, aligning with our environmental responsibility and long-term aspirations. 'We take great pride in the trust shown by Jordanian and regional banks that chose to participate in this financing. Their confidence affirms the airline's strong credit profile and financial stability. Our full commitment to repaying the previous syndicated loan on schedule even under the most challenging conditions during the COVID 19 pandemic played a key role in reinforcing this trust and encouraging broader participation from financial institutions,' Majali commented. Randa Sadik, Chief Executive Officer, Arab Bank commented: 'This USD 250 million financing agreement demonstrates Arab Bank's and the participating banks' belief in Jordan's national carrier's capacity to execute ambitious future expansion and development plans, reinforcing its position within the aviation sector. The agreement also underscores the strong confidence Royal Jordanian enjoys among local and regional financial institutions.' This financing, Sadik added, directly contributes to supporting the national economy and reinforcing Jordan's standing regionally and internationally
