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

Dubai Airshow: Opening the door to better training

Spatial is at the air show highlighting its latest door trainer for Etihad’s A330 aircraft.

Dubai Airshow: Emirates’ A380 receives royal visit

Emirates yesterday welcomed His Highness Sheikh Mohammed bin Zayed Al Nahyan, to its Emirates A380 which was on static display at the Dubai Airshow 2019.

Dubai Airshow: Boeing and EgyptAir Maintenance and Engineering sign MRO service agreement

Boeing and EgyptAir Maintenance and Engineering (EGME) announced agreements at the Dubai Air Show that will approve the Cairo-based MRO as Boeing's first maintenance supplier in Africa and the Middle East region providing aircraft,

Dubai Airshow: Off to a flying start

Dubai Airshow 2019 was officially opened yesterday, Sunday 17 November, by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohammed bin Zayed Al

Dubai Airshow: White Lightning powers in for Air Race E

This is the world’s first electric racing aircraft, called White Lightning.

Dubai Airshow: Building stronger links in the supply chain

EgyptAir strengthened ties with Boeing at the show yesterday with the two sides signing supply chain partnership agreements to give the Cairo-based flag-carrier global access to critical aircraft components.

AVMENA20 SK1309100620
See us at
AVMENA20 BT1309100620AVAFA20BT2607050320Dubai AS BT2006211119