Kuwait's Boodai considering sale of Jazeera Airways stake
Jazeera Airways shareholder, Boodai Corporation, has enlisted HSBC bank to advise it on the possible sale of some or all of its stake in the Kuwaiti LCC, reports ch-aviation.
Among the options Boodai is reportedly considering are a merger or acquisition, a re-initial public offering or listing global depositary receipts in an overseas foreign market. Last month, airline chairman Marwan Boodai said Jazeera Airways' plans to start long-haul operations would hinge on it partnering with a 'international player.’
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