Jazeera Airways Co K.S.C.P (JAZEERA`R)

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News

7 May 2023 04:17 PM Jazeera Airways endorses regional footprint with new route to Egypt

Mubasher: Kuwait-listed Jazeera Airways will commence operating direct flights to the Sphinx International Airport in Egypt on 16 May 2023. With the new route, the airline currently flies direct flights to seven cities in Egypt. This brings the …

Global Economy

15 March 2023 01:41 PM Kuwait’s Jazeera Airways unveils plans for Saudi aviation sector

Mubasher: Kuwait-based airline Jazeera Airways announced the potential establishment of a low-cost airline in Saudi Arabia. The new entity will be founded along with Saudi partners and will be based at the King Fahad International Airport in …

SM - Private Companies News

14 July 2022 05:55 PM Kuwaiti Jazeera Airways scales up services in Saudi Arabia

Mubasher: Kuwait’s airlines company Jazeera Airways has added two new destinations to its network in the Saudi cities of Abha and Hail to expand its services in the Kingdom, according to a press release. Three weekly flights will be operated for …

Companies Investments

2 June 2020 02:34 PM Jazeera Airways gives away 50K free tickets to frontline heroes

Mubasher: Jazeera Airways has offered 50,000 complimentary round-trip tickets to frontline heroes in Kuwait as a reward for their efforts against the coronavirus (COVID-19) pandemic and at an estimated value of KWD 5 million. The initiative …

Company News

20 April 2020 11:12 AM Jazeera Airways runs 15 rescue flights Sunday

Mubasher: Jazeera Airways has operated 15 flights last Sunday as part of the first phase of the air bridge flights to repatriate Kuwaiti citizens from abroad in light of the coronavirus (COVID-19) outbreak. The airline operated four flights from …

Global Economy

19 April 2020 00:05 PM Kuwait launches air bridge to evacuate its citizens from abroad

Mubasher: Kuwait International Airport on Sunday received two passenger flights from Dubai and Abu Dhabi as part of the air bridge flights to evacuate Kuwaiti nationals from abroad amid the coronavirus (COVID-19) pandemic. The flights were …

Global Economy

25 March 2020 01:00 PM Kuwait charters flights to evacuate citizens from 3 countries

Mubasher: Kuwait's Directorate General of Civil Aviation (DGCA) announced that three chartered flights to Egypt, Lebanon, and Bahrain will take off on Wednesday, 25 March, from the Kuwait International Airport to bring back Kuwaiti citizens. …

Global Economy

23 March 2020 10:37 AM Jazeera Airways cancels 2019 dividends amid COVID-19 uncertainties

Mubasher: The board of Jazeera Airways has cancelled the proposed cash dividends distribution and recommended not to distribute any dividends for the fiscal year (FY) ended on 31 December 2019 in an attempt to curb the fallout from the coronavirus …

Board of Directors

15 March 2020 05:53 PM Jazeera Airways puts entire fleet at disposal of Kuwait

Mubasher: Jazeera Airways has placed its 14-aircraft fleet of at the disposal of the Kuwaiti government, as part of its national duty as the country faces the outbreak of the new coronavirus (COVID-19). The Gulf state can use the airline’s fleet …

Global Economy

5 March 2020 00:02 PM Jazeera Airways plans lower dividends on coronavirus fears

Mubasher: The board of Jazeera Airways has lowered its recommended cash dividends to KWD 7 million or 35 fils per share, representing 35% of capital, down from a previous recommendation of 67.5%. The recommendation is due to the potential impact …

Board of Directors

18 February 2020 07:56 PM Jazeera Airways announces direct flights to Sharjah

Mubasher: Jazeera Airways will launch direct flights to Sharjah starting 2 April 2020, marking the Kuwaiti airline’s third destination to the UAE, following its existing routes to Dubai and Al Ain. Jazeera Airways CEO, Rohit Ramachandran, said: …

Companies Investments

11 February 2020 04:40 PM Jazeera Airways’ profit skyrockets 124% in 2019; dividends proposed

Mubasher: Jazeera Airways’ net profits leaped by 124.1% on an annual basis in the fiscal year ended 31 December 2019 to reach KWD 14.9 million. The increased profit was backed by a 20.6% rise in the number of passengers at 2.4 million as well as a …

Board of Directors

28 January 2020 11:52 AM Jazeera Airways signs $1.3bn service agreement for A320neo planes

Mubasher: Jazeera Airways has entered into an agreement with a specialised global service provider at an estimated value of $1.3 billion (KWD 395 million) to support the LEAP-1A engines that power the airline’s fleet of 20 A320neo aircrafts. The …

Macroeconomics

14 January 2020 04:48 PM Jazeera Airways launches direct flights to Abha

Mubasher: Jazeera Airways announced that it prepares to launch a new direct service to Abha, making the capital of the Asir Region its sixth destination in Saudi Arabia. The new destination will be served with three weekly return flights every …

Companies Investments

14 January 2020 01:03 PM Jazeera Airways inks deal to sell engine at $9m

Mubasher: Boursa Kuwait-listed Jazeera Airways has signed an agreement with a company specialised in owning, leasing, and re-leasing of aircraft engines to sell its “CFM 56-5B" engine at a total value of $9 million (KWD 2.7 million). Jazeera …

Companies Investments

26 December 2019 03:36 PM Jazeera Airways sells engine, changes support service provider

Mubasher: The board of Jazeera Airways has approved a sale and leaseback transactions relating to CFM 56-5B, according to a bourse statement released on Thursday. The board also changed support service provider for A320 NEO aircraft as of 1 …

Companies Investments

21 December 2019 10:24 PM Jazeera Airways receives new Airbus A320neo

Mubasher: Kuwait's low-cost airline Jazeera Airways has received its fourth Airbus A320neo aircraft, according to a company statement released on Saturday. The new aircraft incorporates the CFM LEAP-1A engines and fuel-saving wingtip devices …

Companies Investments

19 December 2019 02:10 PM Jazeera Airways celebrates 1st new route to Al Ain International Airport

Abu Dhabi – Mubasher: Jazeera Airways has launched its first-ever direct flight from Kuwait to Al Ain International Airport on Friday 13 December, as part of the airline’s regional expansion plans.  Both of the Abu Dhabi Airports and the …

General News

4 December 2019 04:01 PM Jazeera Airways to start direct flights to Dammam, expands other connections

Mubasher: The leading economy airline in Kuwait Jazeera Airways announced a new flight service to Dammam in Saudi Arabia. Starting on 19 December this year, the flights will head to the capital of the Eastern Province three times a week; Tuesdays, …

Company News

1 December 2019 03:47 PM Jazeera Airways receives 3rd Airbus A320neo aircraft

Mubasher: The Kuwaiti airline, Jazeera Airways, has received the third Airbus A320neo aircraft late Saturday, 30 November at Kuwait International Airport, marking the firm’s second A320neo aircraft to be delivered in 2019 and the third joining the …

International Agreements

18 November 2019 05:20 PM Jazeera Airways, Airbus ink Flight Hour Services deal

Mubasher: The Kuwaiti airline, Jazeera Airways, has entered into an agreement with Airbus on Monday to receive components support for up to 29 A320ceos and A320neos aircraft as part of the Airbus Flight Hour Services (FHS). The deal was signed by …

Companies Investments

5 November 2019 01:13 PM Jazeera Airways profits grow 41% in Q3

Mubasher: Jazeera Airways reported a 41% surge in profits during the third quarter (Q3) of the year, according to a bourse filing on Monday. Profits reached KWD 9.91 million ($32.74 million) in Q3-19, compared with KWD 7.05 million ($23.29 …

Financial Results

22 October 2019 02:37 PM Kuwaiti pioneers mull business expansion in Egypt

Cairo – Mubasher: Several Kuwaiti investors have expressed their desire to increase their investments in the Egyptian market, especially in vessel manufacturing and repair industry in Suez Canal as well as airport infrastructure enhancement. Ali …

Companies Investments

19 October 2019 08:51 PM Jazeera Airways receives 2nd Airbus A320neo aircraft

Mubasher: Jazeera Airways received its second Airbus A320neo aircraft, according to a company statement released on Saturday. Fitted with Jazeera’s new three-cabin configuration, the new fuel-saving and quieter engine aircraft will include the …

Companies Investments

18 August 2019 01:52 PM Jazeera Airways to lease 3 aircraft from ICBC

Mubasher: Jazeera Airways has signed a contract to lease three planes (A320 Neo) from ICBC Aviation, the company disclosed to Boursa Kuwait on Sunday, clarifying that the aircraft will be delivered in August and September 2020. Jazeera Airways …

Company News