Company Insights Jazeera Airways Aviation Jazeera Airways Overview Jazeera Airways, the first non-government owned airline in the Middle East, was established in 2004 and operates from its hub at Kuwait International airport. It serves more than 50 destinations across the Middle East, Asia and Europe, and in 2019 launched its first flight to London, bringing the first new service from Kuwait to the UK in 55 years. Jazeera Airways fleet consists of Airbus A320, Airbus 320 neo and Airbus 321neo aircrafts. In 2018 it opened its own dedicated terminal at Kuwait International Airport featuring a dedicated check-in hall for Jazeera passengers. The facility is claimed to be the first owned, built and operated by a private airline in the Middle East. About 26 percent of the airline is owned by two companies affiliated with the Boodai Group – Wings Finance (9 percent) and Boodai Projects (17%). A further 25 percent is also held corporately by trading and real estate companies, and the rest is publicly held. Jazeera Airways continues to grow, now operating year-round flights to Larnaca in Cyprus and Sharm El Sheikh in Egypt, whilst restarting certain flights to India. Other new destinations include Russia, Uzbekistan, Egypt, Iran, Montenegro, Serbia, Albania and Pakistan. Subsidiaries include Jazeera Leasing Company, Al Sahaab Aircraft Leasing Company, Jazeera Airport Services Company, Jazeera Safeguard and Jazeera Academy. Jazeera Airways News Aviation Narrow-body aircraft to push growth of Middle East fleets Gulf Arab airlines and other Middle East carriers will expand their fleets at almost double the rate of the global average over the next ten years, industry experts say. They will also increase the share of narrow-body planes over twin-aisle aircraft. Globally, fleet size is expected grow by 2.8 percent per year over the next […] March 23, 2025 Aviation Kuwait’s Jazeera Airways CEO buys shares in his own airline 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 […] March 17, 2025 Analysis Aviation Etihad IPO likely to attract ‘significant’ investor interest Abu Dhabi-owned Etihad Airways is likely to attract “significant” investor interest if and when it sells shares in an initial public offering expected in March in the first Gulf Arab airline IPO in almost 20 years, analysts have said. Owned by Abu Dhabi sovereign wealth fund ADQ, the airline may raise as much as $1 […] February 28, 2025 Aviation Jazeera Airways to cut costs and double passengers by 2029 Kuwait’s Jazeera Airways plans to add more seats to its aircraft, expand its fleet and cut costs as part of a new five-year strategy to almost double the number of passengers in 2029. Adding seats this year will raise the average number per aircraft to 180 by the third quarter, the airline CEO Barathan Pasupathi […] February 6, 2025 Aviation Kuwait’s Jazeera Airways cuts losses as revenues rise Low-cost carrier Jazeera Airways, which trades on the Kuwaiti stock exchange, narrowed its fourth-quarter 2024 loss on rising revenue and operational efficiency. Net loss narrowed by 42 percent year on year to KD4.2 million ($13.6 million) in the final quarter, as operating revenue climbed 15 percent year on year to KD45.1 million. Passenger numbers grew 9 […] February 4, 2025 Aviation Kuwait Airways 2023 revenue soars 16% to $1bn Increased passenger volume and flight operations increased revenues at Kuwait Airways by 16 percent in 2023. The topline reached KD335 million ($1.1 billion) last year, as the number of flights soared 26 percent year on year to 32,839, the state-run Kuwait News Agency reported, citing chairman Abdulmohsen Alfagaan. No details were shared on profit or […] October 11, 2024 DUBAI AIRSHOW Aviation Gulf’s low-cost carriers fuel demand for smaller aircraft The number of single-aisle aircraft in the Middle East is expected to more than double in the next 20 years on the back of a predicted rapid expansion for low-cost carriers and short-haul networks. By 2042, nearly half of the planes operating in the region will be single-aisle jets, according to a commercial market outlook […] November 13, 2023 Aviation Kuwait’s Jazeera Airways’ profits slump 36.1% Kuwaiti low-cost carrier Jazeera Airways has reported a 36.1 percent drop in profits for the first nine months of the year with a warning that over-capacity issues could further impact margins. The airline, which sits second in the country behind Kuwait Airways, saw revenues increase 12.8 percent year-on-year over the period and passenger numbers were […] November 8, 2023 Opinion Aviation Central Asia airline investments: a sprat to catch a mackerel The region is one of the world's fastest growing airline markets August 30, 2023 Transport Kuwait airport passenger numbers flying higher Passenger traffic through Kuwait International Airport is forecast to grow by 7 percent this year, fuelled by increased activity across the summer months. Total passenger numbers to and from the airport is expected to reach 15.5 million, according to the Gulf state’s Directorate General of Aviation, up from 14.46 million passengers reported in 2022. Abdullah […] August 28, 2023 Posts navigation 1 2 Next
Aviation Narrow-body aircraft to push growth of Middle East fleets Gulf Arab airlines and other Middle East carriers will expand their fleets at almost double the rate of the global average over the next ten years, industry experts say. They will also increase the share of narrow-body planes over twin-aisle aircraft. Globally, fleet size is expected grow by 2.8 percent per year over the next […] March 23, 2025
Aviation Kuwait’s Jazeera Airways CEO buys shares in his own airline 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 […] March 17, 2025
Analysis Aviation Etihad IPO likely to attract ‘significant’ investor interest Abu Dhabi-owned Etihad Airways is likely to attract “significant” investor interest if and when it sells shares in an initial public offering expected in March in the first Gulf Arab airline IPO in almost 20 years, analysts have said. Owned by Abu Dhabi sovereign wealth fund ADQ, the airline may raise as much as $1 […] February 28, 2025
Aviation Jazeera Airways to cut costs and double passengers by 2029 Kuwait’s Jazeera Airways plans to add more seats to its aircraft, expand its fleet and cut costs as part of a new five-year strategy to almost double the number of passengers in 2029. Adding seats this year will raise the average number per aircraft to 180 by the third quarter, the airline CEO Barathan Pasupathi […] February 6, 2025
Aviation Kuwait’s Jazeera Airways cuts losses as revenues rise Low-cost carrier Jazeera Airways, which trades on the Kuwaiti stock exchange, narrowed its fourth-quarter 2024 loss on rising revenue and operational efficiency. Net loss narrowed by 42 percent year on year to KD4.2 million ($13.6 million) in the final quarter, as operating revenue climbed 15 percent year on year to KD45.1 million. Passenger numbers grew 9 […] February 4, 2025
Aviation Kuwait Airways 2023 revenue soars 16% to $1bn Increased passenger volume and flight operations increased revenues at Kuwait Airways by 16 percent in 2023. The topline reached KD335 million ($1.1 billion) last year, as the number of flights soared 26 percent year on year to 32,839, the state-run Kuwait News Agency reported, citing chairman Abdulmohsen Alfagaan. No details were shared on profit or […] October 11, 2024
DUBAI AIRSHOW Aviation Gulf’s low-cost carriers fuel demand for smaller aircraft The number of single-aisle aircraft in the Middle East is expected to more than double in the next 20 years on the back of a predicted rapid expansion for low-cost carriers and short-haul networks. By 2042, nearly half of the planes operating in the region will be single-aisle jets, according to a commercial market outlook […] November 13, 2023
Aviation Kuwait’s Jazeera Airways’ profits slump 36.1% Kuwaiti low-cost carrier Jazeera Airways has reported a 36.1 percent drop in profits for the first nine months of the year with a warning that over-capacity issues could further impact margins. The airline, which sits second in the country behind Kuwait Airways, saw revenues increase 12.8 percent year-on-year over the period and passenger numbers were […] November 8, 2023
Opinion Aviation Central Asia airline investments: a sprat to catch a mackerel The region is one of the world's fastest growing airline markets August 30, 2023
Transport Kuwait airport passenger numbers flying higher Passenger traffic through Kuwait International Airport is forecast to grow by 7 percent this year, fuelled by increased activity across the summer months. Total passenger numbers to and from the airport is expected to reach 15.5 million, according to the Gulf state’s Directorate General of Aviation, up from 14.46 million passengers reported in 2022. Abdullah […] August 28, 2023
