All Jazeera Airways articles
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NewsJazeera Airways board recommends Boodai Reliance takeover offer to shareholders
Kuwaiti budget carrier Jazeera Airways’ board has recommended that shareholders accept a proposed takeover offer by Boodai Reliance Real Estate. Boodai Reliance already effectively holds a majority of around 56% in Jazeera, either directly or through indirect interests. It has proposed acquiring the remaining share capital, offering a price of ...
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NewsJazeera prepares to fly A320s fitted with lightweight Expliseat interior
Kuwaiti budget carrier Jazeera Airways has starting taking delivery of an Expliseat interior for its Airbus A320-family jets. French-based Expliseat says the delivery of its lightweight titanium and carbonfibre TiSeat 2X product marks its entry into the Middle East market. It claims the new seats will enable Jazeera to reduce ...
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NewsJazeera Airways founders plan to acquire entirety of budget carrier’s share capital
Kuwaiti budget carrier Jazeera Airways is the subject of a full takeover by its founding shareholders, through the Boodai Reliance Real Estate Company. Boodai Reliance is equally co-owned by entrepreneurs Marwan and Jassim Boodai. It holds a direct 6.84% stake in Jazeera Airways – just over 15 million shares – ...
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NewsConflict pushes Jazeera Airways’ early summer demand into third quarter
Kuwaiti budget carrier Jazeera Airways is facing a tricky beginning to the second half of the year, after a sharp decline in second-quarter performance. But the company says it is maintaining a “positive outlook” for the full year. Jazeera points out that the 12-day Israeli-Iranian conflict caused a reduction in ...
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NewsJazeera Airways heavily fined over A320 collision with Kuwaiti military balloon
Kuwaiti budget carrier Jazeera Airways has been fined over KD72.8 million ($236 million) by a court after one of the airline’s Airbus A320s collided with a tethered military balloon eight years ago. The occurrence involved flight J9787 which had been inbound from Riyadh on 27 August 2017. As it conducted ...
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NewsKuwait’s Jazeera to purchase older A320s operated on lease
Kuwaiti budget carrier Jazeera Airways is to purchase six older Airbus A320s which the airline currently operates on lease. Jazeera’s board states that it will fund the purchase from its own resources as well as loans from local banks. It values the transaction at KD55.57 million ($180.6 million). Jazeera chief ...
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NewsJazeera profitability bounces back after currency-hit start to year
Kuwaiti budget carrier Jazeera Airways has rebounded from a currency-hit beginning to the year, posting a strong second quarter with net profit up 37%. Jazeera’s net profit of KD5.4 million ($17.6 million) helped limit the impact on its first-half performance. Its six-month net profit of KD2.7 million was down by ...
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NewsJazeera blames currency fluctuations as first quarter performance dips
Kuwaiti budget carrier Jazeera Airways is blaming adverse foreign currency effects for a first-quarter net loss of KD2.7 million ($8.8 million). The figure is a reversal of the KD2.3 million profit achieved in the same quarter last year. Jazeera Airways says the result was “mainly due” to the impact of ...
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NewsFormer Jetstar Asia chief to head Kuwait’s Jazeera Airways
Former Jetstar Asia head Barathan Pasupathi is to return to Kuwaiti budget carrier Jazeera Airways as its new chief executive. Pasupathi is to succeed Rohit Ramachandran who is stepping down from the Middle Eastern operator after seven years. He was formerly Jazeera Airways’ chief financial officer from 2007-10 and played ...
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NewsYield pressure from Gulf carriers drives down Jazeera full-year profit
Kuwaiti carrier Jazeera Airways’ full-year net profit fell by nearly 70% to KD6.2 million ($20.1 million), as it experienced a substantial decline in yield. Jazeera Airways’ revenues to the end of 2023 reached KD198 million – a rise of 8.8%. But the budget airline says a “sudden and large influx ...
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NewsJazeera cites yield pressure as third-quarter profits halve
Kuwaiti budget carrier Jazeera Airways’ net profit halved during the third quarter, to just under KD7 million ($22.7 million). The carrier’s revenues dipped slightly to KD61 million despite a 28% rise in passenger numbers to 1.38 million for the three months to 30 September. Jazeera expanded its fleet with the ...
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NewsExpanding Jazeera Airways turns in profitable first half
Kuwaiti budget carrier Jazeera Airways is fitting lightweight seats to its expanding fleet, and intends to open additional routes before the end of this year. Jazeera turned in a KD6.27 million ($20.4 million) net profit for the first half. Although this was some 15% down on last year’s interim, the ...
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NewsJazeera chief stays coy on fleet requirements for Saudi carrier
Kuwaiti budget carrier Jazeera Airways is expecting to have around 35 aircraft by 2025, with a number of them potentially allocated to its proposed Saudi Arabian joint venture. Speaking during a briefing earlier this month, chief executive Rohit Ramachandran referred to ‘Jazeera Saudi’ – a start-up in which the Kuwaiti ...
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NewsJazeera Airways to bring in A321s under latest lease plan
Kuwaiti budget carrier Jazeera Airways is preparing to lease a pair of Airbus A321s, as it continues to source single-aisle capacity ahead of receiving new aircraft. The airline’s board agreed the lease of the A321s – as well as another pair of A320s – at meeting held on 2 May. ...
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NewsKuwait’s Jazeera progresses with A320 leases
Kuwaiti budget carrier Jazeera Airways is set to discuss the lease of an additional Airbus A320, along with a batch of engines. The airline’s board says it will meet on 18 April to talk about the proposed lease. It has identified the aircraft involved as MSN4601. The aircraft is a ...
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NewsJazeera to create new Saudi low-cost airline
Kuwaiti budget carrier Jazeera Airways is taking preliminary steps to establish a new operator in Saudi Arabia. Jazeera’s board held a meeting on 12 March at which it approved the plan. “The financial impact will be determined once the establishment and operating licensing procedures [are] finalised,” it states. Jazeera says ...
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NewsJazeera turns in strong full-year financial results
Kuwaiti budget carrier Jazeera Airways has turned in a strong full-year performance with a net profit of over KD20 million ($65 million). It states that it built on a “quick return” to profitability in the second half of 2021, and points out that its financial results have exceeded pre-crisis figures. ...
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Airline BusinessAirline Business performance tracker: rest of world Q3 2022
Key data from the most-recent earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsStrong summer lifts Jazeera past 2019 passenger levels over first nine months
Kuwaiti low-cost carrier Jazeera Airways lifted operating profits by 25% to KD16.1 million ($51.8 million) in the third quarter on a doubling of revenues.
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NewsJazeera turns in first-quarter profit as travel rebounds
Kuwaiti budget carrier Jazeera Airways has generated a first-quarter net profit of KD3.8 million ($12.4 million), contrasting with last year’s loss of KD5.2 million for the period. It attributes the performance to a sharp increase in passenger numbers as travel restrictions were lifted in Kuwait. Revenues for the three months ...