Subscribe Free
in Business & Finance

Jazeera Airways shareholders approve cash dividends of 35 fils per share for 2017

Posted 9 April 2018 · Add Comment

Jazeera Airways shareholders have approved the Board’s recommendation for a cash dividend distribution of 35 fils per share (35% of a share’s nominal value).

The company had reported on February 8th an operating profit for the year of KD7.7 million, and a net profit of KD8.2 million. Other highlights of the year include 11.2% growth in flown passengers, 6.7% growth in load factor, and a high on-time performance of 93%. The airline had also expanded its route network in 2017 with the launch of non-stop flights to Baku, Doha, and Hyderabad, India on the back of a major service upgrade across all customer touch points. 

New aircraft interiors, new and stylish crew uniforms, new website and mobile applications supported by a new digital backbone, and a new brand that ties it all together were all launched in 2017. 

Jazeera Airways chairman Marwan Boodai said: “2018 will be no less exciting than 2017, and the Jazeera team is already off to a great start. We’ve launched non-stop flights to the Indian cities of Ahmedabad and Kochi, and I’m pleased to announce today that our very own dedicated terminal will receive its first passengers by mid-May following a record construction period of only 11-months. The state-of-the-art terminal and parking structure marks a significant milestone in the development of the Middle East aviation system. This is the first terminal owned by a non-government-owned airline, and it is a testament to the Government of Kuwait’s belief in empowering the private sector to have an active role in Kuwait’s development plan “Vision: 2035”. We thank the government of Kuwait and the Directorate General for Civil Aviation for their support in this regard.”

“The coming few months will be very active. More new routes, new aircraft additions to the fleet, and new customer-focused services”, said Boodai.

* required field

Post a comment

Other Stories
Advertisement
Latest News

FIA2018: Rockwell Collins recognised by Airbus as a top performer for avionics support

Rockwell Collins has been honoured with a Customer Services Award for its avionics service by Airbus and its customer airlines at a special ceremony at the Farnborough Air Show held yesterday.

FIA:2018 Boeing and Novus announce commitment for up to four 777-300ERs

FIA2018: Boeing and Dubai-based aircraft lessor, Novus Aviation Capital, announced its first direct agreement with Boeing for up to four 777-300ERs at the 2018 Farnborough International Airshow.

FIA2018: Wataniya Airways signs a contract for the E195-E2

In a deal that will see the Middle East’s first E2 operator, Embraer announced at the Farnborough Airshow 2018, that it has signed a firm order for 10 E195-E2 aircraft with Kuwaiti airline, Wataniya Airways.

SaudiGulf Airlines launches new mobile app powered by CellPoint Mobile

CellPoint Mobile has partnered with SaudiGulf Airlines to develop and launch the airline’s first mobile app to support booking. As part of the launch, CellPoint Mobile enables payments through SADAD, the national electronic payment

Emirates celebrates five million passengers in Beirut

Emirates celebrated its five million passenger mark at Beirut Rafic Al Hariri International Airport. The airline has been operating in Lebanon for more than 27 years and in celebration of this milestone, a handful of passengers were

Etihad Airways innovates upgrade programme to a dynamic live auction

Etihad Airways has enhanced its upgrade offering to a dynamic live auction which will make it easier for customers to secure a premium seat in a higher cabin class.

TAA SK0902311218
See us at
Istanbul Airshow BT22018ASDubai BT1004091018MAPS18_BT1207131118MEBAA BT1004121218GATM BT1004061118BIAS BT271017161118Aviation Africa BT0607280219Cargo BT1004091018AIME19BTA3005120219