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
Apr13
Jazeera Airways Release February 2013 Operational Performance Report
Saturday, April 13, 2013
Kuwait, Jazeera Airways today issued its February 2013 operational performance report, marking an increase in number of passengers on routes that serve Amman, Assiut, Dubai, Jeddah, Luxor, Mashhad, and Sohag. Read More
Mar31
Jazeera Airways Launches Summer Schedule with flights to Istanbul and Sharm El Sheikh, Starting from March 31
Sunday, March 31, 2013
Kuwait, Jazeera Airways today announced the return of seasonal scheduled flights for summer between Kuwait and Istanbul, and Kuwait and Sharm El Sheikh.  Flights to the Turkish capital will begin on March 31st, while flights to the popular Egyptian summer destination will start on April 4th 2013. Read More
Mar30
Jazeera Airways Reveal January 2013 Operational Performance Figures
Saturday, March 30, 2013
Kuwait, Jazeera Airways today issued its January 2013 operational performance report which showed that the airline has carried increasing number of passengers on key routes that include the destinations of Amman, Beirut, Bahrain, Assiut, Dubai, Jeddah, Luxor, and Sohag Read More
Mar25
Jazeera Airways Group Holds 2012 Annual General Meeting
Monday, March 25, 2013
Kuwait, Jazeera Airways Group today held its annual general meeting of shareholders at the company’s headquarters in Kuwait and the shareholders approved the board’s recommendation to retain the company’s record earnings.  Read More
Jan20
Jazeera Airways Shares Rights Issue Oversubscribed 2.25 Times
Sunday, January 20, 2013
Kuwait, Jazeera Airways Group today announced the closing of its rights issue of 178 million shares, raising the company’s capital by 74 percentage to KD42 million. The rights issue was oversubscribed 2.25 times. The additional funds that resulted from the oversubscription will not be called for.  Read More
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