Freedom Town, Kuwait, Jazeera Airways, today issued its full-year 2011 operational performance report, which reveals the airline carried 1.2 million passengers between Kuwait and 17 destinations in the Middle East. The 2011 report started the airline operated at on-time performance of 95% during the year.
READ MOREFreedom 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.
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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.
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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.
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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 MOREKuwait, Jazeera Airways announced that it has achieved marked improvement in the second quarter (Q2), which ended on 30th July, 2008, with a 47% increase, and recorded KD 897,895 worth of losses.
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| IATA / ICAO | J9 / JZR |
| Callsign | JAZEERA |
| Founded | April 2004 (Commenced Oct 2005) |
| Hub | Kuwait International Airport (Terminal 5) |
| Headquarters | Al Farwaniyah Governorate, Kuwait |
| Chairman | Marwan Boodai |
| CEO | Barathan Pasupathi |
| Parent Company | Boodai Group (Significant stakeholder) |
| Market Status | Listed on Boursa Kuwait (Ticker: JAZEERA) |
Fleet Size: 24 Aircraft (All Airbus A320 family)
Destinations: 60+ across the Middle East, Europe, Central/South Asia, and Africa.
Primary Fleet: 13 × A320ceo, 11 × A320neo (with 26+ more on order).
Strategic Goal: Expansion to 35 aircraft by end of 2026 and 50+ by 2030.
Model: Low-Cost Carrier (LCC) with a Business Class hybrid option.
Dedicated Terminal: Owns and operates Terminal 5 (T5) in Kuwait, providing a faster, streamlined curb-to-gate experience.
Onboard Policy: Dry airline (no alcohol served or permitted).
In-flight: Features “Jazeera Screens” (wireless IFE) and “Jazeera Café” (buy-on-board).
