Jazeera Airways
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| Founded | 2004 | ||||||
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| Hubs | Kuwait International Airport | ||||||
| Fleet size | 7 | ||||||
| Destinations | 20 | ||||||
| Company slogan | Fly More, Do More | ||||||
| Headquarters | Kuwait International Airport | ||||||
| Key people | Marwan Boodai(Chairman) | ||||||
| Website | www.jazeeraairways.com | ||||||
Jazeera Airways K.S.C (Arabic: طيران الجزيرة) is a Kuwaiti airline with its head office on the grounds of Kuwait International Airport in Al Farwaniyah Governorate, Kuwait. It operates scheduled services in the Middle East. Its main base is Kuwait International Airport. The airline has grown since its launch to become Kuwait's second national airline and has been dynamic in popularizing low-cost carriers in the Middle East. Jazeera Airways is one of the largest operators at Kuwait airport, having handled a quarter of all aircraft movements and passengers at the airport during July 2009. According to the July 2009 report issued by Kuwait Directorate General for Civil Aviation's, Jazeera Airways had the largest number of aircraft movement in the month with 1834 take-offs and landings, overpassing the second largest carrier in aircraft movement by 4%.
In 2004 the Kuwait Government permitted the establishment of the non-governmental airline firm, essentially ending Kuwait’s 50-year-old dependency on Kuwait Airways. The 2004 Emiree Decree #89 established Jazeera Airways as the first airline to enter this newly liberalized industry.
Jazeera Airways raised its capital of KD 10 million (USD 35 million) through an initial public offering in Kuwait that was oversubscribed 12 times. The capital was doubled to KD 20 million (USD 70 million) in 4Q 2007 by a second offering to existing shareholders. In May 2009, a share distribution of 10% effectively increased the capital to KD 22 million (USD 77 million).
About 26% of the airline is owned by two companies affiliated with the Boodai Group: Wings Finance (9%) and Boodai Projects (17%). 6-7% is also held by Jasem M. al-Mousa Trading, a company owned by a former Minister of Public Works in the first Kuwaiti government established after the end of Iraq's invasion of Kuwait. About 17.5% is held by two real estate companies, and the rest is publicly held.
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