Royal Jordanian airlines in talks with government for financial assistance, CEO says





A traveler walks past a sign for Royal Jordanian airline at JFK International Airport in New York, US, March 21, 2017. REUTERS/Lucas Jackson

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DUBAI, March 1 (Reuters) – Jordan’s state carrier Royal Jordanian (RJ) (RJAL.AM) remains in talks with the government for a 200 million dinar ($282.49 million) equity injection, CEO Samer Majali said on Tuesday.

“We’re looking for, basically, an increase in the capital of the equity of the company,” Majali told Reuters at a conference in the United Arab Emirates.

The Jordanian government is the majority owner of RJ.

($1 = 0.7080 Jordanian dinars)

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Reporting by Alexander Cornwell; Writing by Lina Najem, Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles.




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