Jazeera Airways

 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.

Jazeera Airways News
Dec8
Jazeera Airways Release October 2013 Operational Performance Figures
Sunday, December 8, 2013
KUWAIT - Jazeera Airways released its October 2013 operational performance report today, which showed that the airline on-time performance (OTP) during the month of October 2013, with a performance of 94.55 percent, as rated  by the US-based flight tracker, FlightStats. Read More
Nov2
Jazeera Airways Takes Delivery of a New Airbus A320 Aircraft
Saturday, November 2, 2013
Kuwait - Jazeera Airways Group yesterday took delivery of a new Airbus A320 aircraft, bringing its total fleet number to 14 aircraft. The new aircraft was placed in operation after its departure from the makers facility in Toulouse, France, on Friday morning, November 1, and landed in Kuwait at 7:15pm.   Read More
Jul30
Jazeera Airways Group Announce First Half Figures with Record Earnings
Tuesday, July 30, 2013
KUWAIT - Jazeera Airways Group today announced a net profit of KD 3.9 million for the second quarter of 2013, making the first half (H1) of 2013 the airline’s most profitable first half in history. The company had previously announced a net profit of KD 3.6 million for the first quarter.  Read More
Jul22
Jazeera Airways Release June 2013 Performance Figures
Monday, July 22, 2013
KUWAIT - Jazeera Airways today released its June 2013 operational performance report, which presents market share figures based on statistics from Kuwait’s Directorate General for Civil Aviation (DGCA), showed that Jazeera Airways has a 45 percent market share on the the Kuwait-Amman route in June 2013. Read More
Jul7
Jazeera Airways Increase Summer Schedule with 61 Additional Flights
Sunday, July 7, 2013
KUWAIT - Jazeera Airways today announced it is adding 61 additional flights to its summer schedule. The additional flights increase frequencies on routes to Jeddah, Dubai, Amman, Luxor, Assiut, Sohag, Al Najaf and Mashhad. Read More
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