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Jazeera Airways to commence services

13-Sep-2005

SYDNEY (Centre for Asia Pacific Aviation) - Jazeera Airways, a Kuwait-based start-up LCC, confirmed it would commence services on 16-Nov-05. Details include:

  • Fleet: Purchasing four A320s, with the first scheduled for delivery by 25-Oct-05, a second on 04-Nov-05 and two more in Jun-06. Options for four more aircraft for delivery by 2007;
  • Network: Initially 30 weekly services to Dubai, Damascus, Amman, Beirut and Bahrain. Plans to operate more than 75 weekly services with the addition of destinations in Egypt, Saudi Arabia and India;
  • Demand: Expects to carry 500,000 passengers annually by early 2007;
  • Fares: On average 50% less than on major carriers;
  • Distribution: Online, by phone, SMS or travel agents;
  • Investors: Capital of KWD10 million, 70% was publicly subscribed and the rest provided by Kuwait-based Boodai Group, as well as other private investors;
  • IPO: Plans to list on the Kuwait Stock Exchange in 2006.

Jazeera Chairman and CEO, Marwan Boodai, will be addressing the Centre's Indian Subcontinent & Middle East Low Cost Airline Symposium in Mumbai. Click the  icon below for more information.


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News and in-depth analysis covering low cost airlines globally every week in Peanuts! The Low Cost Airline Weekly. Peanuts is also the official publication of the Low Cost Airline Symposium. Click the icon below for more information.

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