Economy, Business And Markets

Loan for Fleet Renewal

Loan for Fleet RenewalLoan for Fleet Renewal

Bank Day has loaned an unidentified domestic airline 884 billion rials ($29.5 million at the official exchange rate) for fleet renewal. Ahmad Shafizade, the bank’s chief executive, said that bank’s move to support businesses is in line with the ‘resistance economy’ – a set of guidelines to foster domestic production-- and said it will keep lending to key industries like aviation and rail transport.