Kuwait-based Jazeera Airways has posted a net profit of KD15.4 million ($51.2 million) for 2015, jumping up from the KD2.88 million ($9.57 million) net loss recorded in 2014 post a fleet sale transaction.
The airline’s opera
Jazeera Airways will increase flights between Kuwait and Riyadh, Saudi Arabia, to four flights a week starting January 1, 2016.
The airline currently operates three weekly flights between Kuwait and Riyadh on Sundays, Wednesdays, and Fr
Shareholders of Kuwait's Jazeera Airways have approved a board recommendation to reduce the company’s capital from KD42 million ($138.8 million) to KD20 million ($66 million), following its exit from the aircraft leasing business.
Kuwait-based Jazeera Airways reported a 36 per cent increase in passenger numbers in July compared to same period in 2014, mainly driven by continued strong demand on all routes, better flight schedules, and an improved booking and check-in expe
Kuwait’s low-cost carrier Jazeera Airways has formally submitted a letter of intent to acquire 35 per cent of Kuwait Airways, which is currently undergoing a privatisation process by the country’s government.
The 35 pe
Shareholders of Kuwait-based Jazeera Airways Group today approved a board proposal for the cash distribution of KD20 million ($66 million) as special dividend for the year 2014.
The proposal was approved during the company’s
Kuwait-based Jazeera Airways Group has reported a net profit of KD3 million ($9.9 million) in the first quarter, up 44.6 per cent from the same period last year.
The group also registered an operating revenue of KD12.9 million ($42.6 mi
Jazeera Airways, a Kuwait-based airline, recommended record dividends and payments to shareholders totalling up to KD50 million ($166.4 million) in the form of special dividends for 2014 and a share buyback programme.
Kuwait-based Jazeera Airways plans to sell 15 Airbus A320 aircraft owned by its fully-owned Sahaab Aircraft Leasing for $507 million as part of a strategic shift to a leased aircraft operation and a focus on the passenger airline business.
Tawasul Telecom, a leading telecom services company in the Middle East, and aviation software solutions company Travsys have renewed its contract with Kuwait’s Jazeera Airways for an additional three years, providing global area managed ne