Jazeera Airways starts formal bidding process for 35% of Kuwait Airways

1-Jun-2015 Jazeera Airways announced today that it formally submitted a letter of intent to acquire 35% of Kuwait Airways Company, which is currently undergoing a privatization process by the Government of Kuwait. The 35% stake is the maximum allowed stake by a single private investor as stipulated under the Kuwait Airways Privatization Law 6/2008 and its accompanying amendments.