Aviation Kuwait’s Jazeera Airways CEO buys shares in his own airline By Chris Hamill-Stewart March 17, 2025, 2:17 PM Jazeera Airways Jazeera Airways CEO Barathan Pasupathi bought roughly $250,000 worth of shares in the airline Buying spree of $250,000 Share price rose then settled Plans to double passengers The CEO of Kuwait’s Jazeera Airways has bought 80,000 shares in his own company as the airline embarks on a five-year plan to boost performance. Barathan Pasupathi purchased the shares between March 9 and 13, according to company disclosures on the Kuwaiti Bourse, buying shares worth $250,000 in a series of transactions last week. Shares in the company opened higher on Monday following the weekend announcement of the most recent 20,000 shares purchased by Pasupathi, trading at about 979 Kuwaiti fils. Pasupathi purchased most of the shares for between 920 and 950 fils, according to the company statement. The stock is trading roughly 5 percent lower than at the start of the year. Kuwait eases property laws around foreign ownership SalamAir adds planes and routes in Oman tourism drive Kuwait’s economic potential: A wake-up call Bahrain’s Sico Bank said in a note that the CEO’s purchase “is surely a positive” reflection on the airline’s business strategy. The low-cost carrier is embarking on a five-year-long mission to almost double its passenger count by 2029. It plans to raise the average number of seats per aircraft this year to 180 and is taking delivery of new, larger aircraft next year. Updated on Monday March 17 Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
