International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
The CEO and chairman of Jazeera Airways, Boodai recently announced major expansion plans for the airline, which hopes to become the largest Airbus operator in the region by 2014.
November 3, 2008 7:50 by kippreport
Marwan Boodai launched the low-cost private airline in October 2005, and it is currently operating a fleet of seven Airbus A320 aircraft (with a new one coming this week). It is planning to increase that number to 40 by 2014, and plans to spend $1.9bn by 2012.
The Kuwait and Dubai based airline, which ended state-owned Kuwait Airline’s monopoly in the country, announced a 47 percent increase in Q2 revenues this year, and recorded losses of more than $3.3m.
Boodai is also CEO of the Boodai Corporation, a Kuwait-based business of semi-autonomous companies offering products and services in several areas including construction, engineering, shipping, energy and media.
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