Airlines

Kuwaiti budget carrier Jazeera Airways is to list on the Gulf state’s stock exchange next week after obtaining final approval for the transition.

Jazeera Airways, which has just undergone a capital increase, says it will list its shares on 14 January.

The airline had originally been hoping to list in the first half of last year. Jazeera operates a fleet of six Airbus A320 aircraft and has placed orders to take its fleet to 40 of the type by 2014.

The carrier was established in 2004, through an up-front initial public offering for 70% of its shares, and started operating in October 2005.

Jazeera Airways doubled its capital to KD20 million ($73 million) towards the end of last year through a rights issue to its shareholders.

Source: flightglobal.com's sister premium news site Air Transport Intelligence news