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 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 Aviation Air India-Vistara scrutiny ‘is good news for Gulf carriers’ An inquiry into the planned merger between Air India and Vistara will be welcomed by Middle East airlines, as they look to increase their share of the lucrative Indian market, an aviation expert has said. India’s anti-trust commission is investigating the proposal over competition concerns, which could delay or even block the deal altogether. Previously […] July 3, 2023 Aviation Wizz Air grows fleet to meet low-cost demand Wizz Air Abu Dhabi has revealed plans to increase its fleet size by over 400 percent before the end of the decade, as budget air travel in the Mena region booms. The carrier may also expand further into Saudi Arabia. The joint venture between Abu Dhabi sovereign wealth fund ADQ, which owns 51 percent, and […] June 9, 2023 Opinion Aviation Profit is not an issue for Neom Airlines … for now Launch of new carrier is initially to service the wider project, but this may not be sustainable May 4, 2023 Aviation Interim approval granted for Qantas-Emirates alliance Australia’s competition regulator has granted interim approval for Qantas Airways and Dubai’s Emirates to continue their passenger and cargo transport alliance. Qantas and Emirates’ existing deal, which was granted in 2018, is set to expire on March 31, 2023, Australian Competition and Consumer Commission (ACCC) said in a statement. Under the current agreement, both airlines […] March 23, 2023 Tourism India resists allowing Gulf carriers to increase air traffic to its cities India is resisting calls from both Dubai and Kuwait to increase their national airlines’ flights to the subcontinent’s fast-growing aviation market. The country wants its own domestic airlines to offer non-stop long haul flights rather than increasing air traffic from Emirates and Jazeera Airways, its civil aviation minister Jyotiraditya Scindia told Reuters on Tuesday. “The minute […] March 21, 2023 Posts navigation 1 2 Next
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
Aviation Air India-Vistara scrutiny ‘is good news for Gulf carriers’ An inquiry into the planned merger between Air India and Vistara will be welcomed by Middle East airlines, as they look to increase their share of the lucrative Indian market, an aviation expert has said. India’s anti-trust commission is investigating the proposal over competition concerns, which could delay or even block the deal altogether. Previously […] July 3, 2023
Aviation Wizz Air grows fleet to meet low-cost demand Wizz Air Abu Dhabi has revealed plans to increase its fleet size by over 400 percent before the end of the decade, as budget air travel in the Mena region booms. The carrier may also expand further into Saudi Arabia. The joint venture between Abu Dhabi sovereign wealth fund ADQ, which owns 51 percent, and […] June 9, 2023
Opinion Aviation Profit is not an issue for Neom Airlines … for now Launch of new carrier is initially to service the wider project, but this may not be sustainable May 4, 2023
Aviation Interim approval granted for Qantas-Emirates alliance Australia’s competition regulator has granted interim approval for Qantas Airways and Dubai’s Emirates to continue their passenger and cargo transport alliance. Qantas and Emirates’ existing deal, which was granted in 2018, is set to expire on March 31, 2023, Australian Competition and Consumer Commission (ACCC) said in a statement. Under the current agreement, both airlines […] March 23, 2023
Tourism India resists allowing Gulf carriers to increase air traffic to its cities India is resisting calls from both Dubai and Kuwait to increase their national airlines’ flights to the subcontinent’s fast-growing aviation market. The country wants its own domestic airlines to offer non-stop long haul flights rather than increasing air traffic from Emirates and Jazeera Airways, its civil aviation minister Jyotiraditya Scindia told Reuters on Tuesday. “The minute […] March 21, 2023
