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

How technology is making aviation safer

Kevin Riordan, head of airports & checkpoint solutions at Smiths Detection, talks about the various technologies that will dominate airport security over the next decade and the impact they are likely to have on the overall customer

Oman Air CEO comments on impact of Boeing 737 MAXs grounding of the airline

Abdulaziz Al Raisi, chief executive officer of Oman Air, has said that the grounding of the 737 MAXs has had a major financial impact on Oman Air.

Etihad Airways celebrates 15 years of service to Germany

The airline launched daily flights between Abu Dhabi and Munich in June 2004. Munich and the Swiss city of Geneva both received their first Etihad flights in that month, making them the first two destinations served by the airline in

Emirates introduces its First-Class cabin in Durban

Emirates has introduced its First-Class cabin in Durban, in conjunction with the airline’s seasonal frequency increase of four additional flights a week, bringing the airline’s award-winning, luxury travel experience to the

Oman Air cabin crew in brand new style uniform

Oman Air cabin crew will step out in their brand new Oman Air uniforms this week.

Etihad Airways introduces new Boeing 787-10 Dreamliner on Rome route

Etihad Airways has introduced its newest aircraft type, the Boeing 787-10 Dreamliner, on daily services to Rome.

ACCA19_SK0201080919
See us at
ACCA19_BT_2404091019DIAC19_BT264161119