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Fri 09 Sep 2008JetBird sells 9.3% stake to Saudis
DUBLIN-BASED executive jet airline JetBird has sold a 9.3 per cent stake in the business to a Saudi family for €10 million in a move that now values the company at more than €100 million.
The fledgling airline has also secured debt financing of $10 million (€6.9 million) from Royal Bank of Scotland for the pre-delivery payments on its first 25 Phenom aircraft from Brazilian manufacturer Embraer.
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