Aviation Kuwait’s Jazeera Airways CEO buys shares in his own airline By Chris Hamill-Stewart March 13, 2025, 5:17 PM Jazeera Airways Jazeera Airways CEO Barathan Pasupathi bought $15 million worth of shares in the airline Roughly $15m of shares Price rose then settled Plans to double passengers The CEO of Kuwait’s Jazeera Airways has bought nearly 50,000 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 10, according to company disclosures on the Kuwaiti Bourse, worth roughly KD4.7 million ($15 million). Shares in the company opened higher on Thursday following the company’s announcement of the purchase, trading as high as 962 Kuwaiti fils before dropping to 950. 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.
