Jazeera Airways was inducted into IATA on 07-Jun-2011 as a full airline-member during, becoming the 238th airline-member of the global airline association. Shares in the carrier jumped 5% yesterday, against generally lower airline shares prices in the Middle East and Africa.
Jazeera Airways CEO, Stefan Pichler, stated he looked forward to experiencing the benefits of joining the association. Jazeera Airways has already completed the IATA Operational Safety Audit and is on the registry. As an IATA member, Jazeera is expected to access to programmes and services will help it take advantage of the opportunities of the rapidly growing Middle East region.
Selected Middle East & African airline share price movements (% change): 08-Jun-2011