50 SKY SHADES - World aviation news

Jazeera Airways news

Jazeera Airways airline related news

Jazeera Airways Eyes Long-Haul Venture

Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways. Jazeera Chairman Marwan Boodai told Reuters news agency he would still prefer a stake in loss-making Kuwait Airways, but that he was preparing an alternative strategy. "Plan 'B' is tying up with an international...

Jazeera Airways finalises voluntary capital reduction

Jazeera Airways has finalised its voluntary capital reduction process to bring down its capital from KD42 million to KD20 million to match the size of its current operations after it exited the aircraft leasing business. As part of the process, the company will issue cash payouts worth a total KD32.7 million starting Sunday, December 13, 2015.  The KD32.7 million cash payouts include:...