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
Aug9
Jazeera Airways increases its revenues to 47percentage in the second quarter
Saturday, August 9, 2008
Kuwait, 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. Read More
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