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
Nov4
Jazeera Airways Group Report 11.7 Percent Increase in Year-to-Date Net Profit for Q3 Earnings
Wednesday, November 4, 2015
Kuwait - Jazeera Airways today announced its third quarter financial results. The company recorded a 2.4 percent rise in net profit for the quarter, bringing its nine-month net profit to KD14.5 million, reflecting an 11.7 percent increase over the same period last year.  Read More »»»
Jun22
Jazeera Airways Group Lease two Airbus A320 Aircraft to TAP Portugal
Sunday, June 22, 2014
KUWAIT, Jazeera Airways Group announced today,  Sahaab Aircraft Leasing, a fully-owned subsidiary have placed two Airbus A320 aircraft on long-term leases with TAP Portugal airlines. Read More »»»
May25
Jazeera Airways to Take Delivery of an Airbus A320 Aircraft
Sunday, May 25, 2014
KUWAIT CITY – Jazeera Airways Group today announced it will take delivery of a brand new Airbus A320 aircraft on May 28 from the manufacturer’s facility in Hamburg, Germany, bringing the group’s fleet to 15 fully-owned aircraft. Read More »»»
May18
Jazeera Airways Release March 2014 Operation Performance Figures
Sunday, May 18, 2014
KUWAIT - Jazeera Airways released March 2014 operations performance report today, marking an increase in flown passengers on routes serving Amman, Jeddah, and Bahrain, and an on-time performance of 95.95 percent, as tracked by US-based OTP tracker, FlightStats. Read More »»»
Jan6
Jazeera Airways Release November 2013 Operational Performance Report
Monday, January 6, 2014
KUWAIT - Jazeera Airways today released the November 2013 operational performance report, which shows that Kuwaiti low cost carrier has an on-time performance a performance of 95.92 percent, according to US-based operational performance tracker, FlightStats. Read More »»»
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