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Jazeera Airways news

Jazeera Airways airline related news

CDB Aviation executes sale and leaseback transaction with Jazeera Airways

CDB Aviation signed a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways. The two neos will be configured with 174 economy class seats. The airline is expected to take delivery of the aircraft in September 2022. “We’re thrilled to welcome a new customer in a new jurisdiction for our comp...

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:...