Jazeera Airways considers the acquisition of other airlines and plans for a second hub
Jazeera Airways CEO, Stefan Pichler, confirmed the carrier is considering the acquisition of other airlines and related companies, and plans to launch a second hub in a non-GCC country, perhaps with a “domestic national partner” (Arabian Business, 28-Jan-2010). A decision regarding the hub could be announced in 1H2009. The carrier also expects to generate a profit in 2010, reportedly through focusing on existing destinations in the Middle East and Egypt and increasing frequency.
Jazeera Airways: “With our acquisition strategy, we are still actively pursuing opportunities in the aviation sector. This includes airlines but also companies across the value chain - leasing, maintenance, and training companies…The non-GCC countries are more attractive than Gulf states because of demographics and the market is undersupplied. Secondary hubs cannot be built by yourself alone…you need a domestic national partner…We expect to be profitable in 2010,” Stefan Pichler, CEO. Source: Arabian Business, 28-Jan-2010.