UAE Oasis to lease three aircraft to Jordan

The new Oasis International Leasing Co. in the United Arab Emirates will lease three aircraft to Royal Jordanian airlines RJA under a preliminary agreement signed recently, Eqtisadi business weekly reported.

"A final agreement with Royal Jordanian Airlines will be signed in August after formalizing Oasis registration procedures," the magazine said in its latest issue. It did not say when the preliminary deal was reached.

It said negotiations were also underway to lease a number of aircraft to Gulf Air Gulf Cn.

Oasis, with a capital of 136 million US dollars, was set up in May. British Aerospace (BA) has a 13 percent stake.

It was not clear from the report what type of aircraft would be leased.