Jazeera Airways

  IATA Code: J9 | ICAO Code: JZR | Callsign JAZEERA

Jazeera Airways
PO Box 29288
Safat, Kuwait
Tel: +965 2433 3304
Fax: +965 2433 9432
www.jazeerairways.com

Ownership: Public stock company traded on Kuwait Stock Exchange. (for details please see below)




Jazeera Airways commenced operations on 30 October 2005 with a fleet of brand new Airbus A320 aircraft, all leather seats, flying to various destinations in the Middle East. Jazeera Airways K.S.C  is a low-fare airline with its head office on the grounds of Kuwait International Airport in Al Farwaniyah Governorate, Kuwait. It operates scheduled services to the Middle East and Europe. Its main base is Kuwait International Airport. The airline has grown since its launch to become Kuwait's second national airline Jazeera Airways is one of the largest operators at Kuwait airport, having handled a quarter of all aircraft movements and passengers at the airport during July 2009. According to the July 2009 report issued by Kuwait Directorate General for Civil Aviation's, Jazeera Airways had the largest number of aircraft movement in the month with 1834 take-offs and landings, over-passing the second largest carrier in aircraft movement by 4%.

Jazeera Airways raised its capital of KD 10 million (USD 35 million) through an initial public offering in Kuwait that was oversubscribed 12 times. The capital was increased to KD 20 million (USD 70 million) in 4Q 2007 by a second offering to existing shareholders. In May 2009, a share distribution of 10% effectively increased the capital to KD 22 million (USD 77 million).

About 26% of the airline is owned by two companies affiliated with the Boodai Group: Wings Finance (9%) and Boodai Projects (17%). 6-7% is also held by Jasem M. al-Musa Trading, a company owned by a former Minister of Public Works in the first Kuwaiti government established after the end of Iraq's invasion of Kuwait. About 17.5% is held by two real estate companies, and the rest is publicly held. NB see Kuwait Stock Exchange report (in arabic)

Dubai Civil Aviation Authority ( GCAA) revoked Jazeera's hub in Dubai during the second quarter of 2009, as a move in support of Dubai's upcoming launch of its own low-cost airline, FlyDubai.  The move was deemed unprofitable for Jazeera Airways as the Kuwait hub suffered from overcapacity. Jazeera Airways was forced to cancel flights, routes, phase out and cancel placed orders on aircraft.

Jazeera Airways fleet consists of the following aircraft:
  • 6 x A320-200 (engines: CFM56-5B)

An additional 4 x A320-200 on order.

Jan16
Jazeera Airways Releases Monthly Performance Report
Monday, January 16, 2012
Freedom Town, Kuwait,  Jazeera Airways, today issued its monthly operational performance report for November 2011, which showed that the airline was the leading Kuwaiti operator in high-demand routes including Alexandria, Beirut, Bahrain, Amman and Dubai in terms of market share. Read More
Sep6
NBK Capital Report Raise Fair Value of Jazeera Airways
Tuesday, September 6, 2011
NBK Capital, Kuwait issued a report on Jazeera Airways, raising the stock’s fair value by 15.4% from 260 fils to 300 fils to reflect better forecasts based on the airliner’s latest results. This valuation represents nearly 24% upside potential to the stock’s market close of 242 fils on Monday, Sept. 5th. Read More
Jun22
Lufthansa Technik and Jazeera Airways extend Total Engine Support contract
Wednesday, June 22, 2011
Jazeera Airways and Lufthansa Technik AG, the leading provider for maintenance, repair and overhaul (MRO) of airplanes, components and engines, have extended the existing 10-year Total Engine Support TES® from 2006 for further two years. Read More
Jun20
Jazeera Airways Expands CFM56-5B-powered A320 Fleet with $80 million Engine Order
Monday, June 20, 2011
Le Bourget Air Show, Jazeera Airways has placed an order for CFM56-5B engines to power four brand new Airbus A320 aircraft scheduled to be delivered to the airline between 2012 and 2014.  The engine order is valued at $80 million U.S. at list price. Read More
Oct13
Jazeera Airways launches Sahaab Aircraft Leasing
Monday, October 13, 2008

Kuwait, Jazeera Airways announced yesterday that it will establish with the company NBK Capital, which is a subsidiary of National Bank of Kuwait, and the German bank DVB an aircraft leasing company capitalized at $375 million and based in Kuwait.

Read More
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