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Jazeera expects consolidation among Middle Eastern LCCs; interested in acquisitions

13-Oct-2009 11:05 AM

Jazeera Airways CEO, Stefan Pichler, stated he expects consolidation to occur among the Middle Eastern LCCs, with the Kuwait LCC “highly geared” for potential acquisitions (Reuters/Maktoob Business, 12-Oct-2009). Mr Pichler added that while Jazeera is on the lookout for acquisitions, it is not currently in active talks with any other airlines.

Jazeera Airways: "There will be some consolidation in the Middle East, especially in low cost airlines. We are keeping our eyes open. We are working on hubs but our focus is not so much GCC but more on Middle East countries,” Stefan Pichler, CEO. Source: Reuters, 12-Oct-2009.