Kuwait Business: Jazeera Airways upgraded to premier market of Bourse Kuwait – Gulf Digital News

Kuwait Business: Jazeera Airways upgraded to premier market of Bourse Kuwait – Gulf Digital News

Kuwait-based low-cost carrier Jazeera Airways said its share was upgraded today (January 16) to the Premier Market of Boursa Kuwait, after exceeding the minimum requirements for liquidity and market capitalization in the two previous consecutive years. 

Jazeera is the only listed company to receive an upgrade. 

It has announced an ambitious growth plan to increase its fleet from 17 aircraft today to over 35 by 2025 to support its network expansion. 

Chairman Marwan Boodai expressed delight at seeing Jazeera Airways listed among the largest Kuwaiti companies at Boursa Kuwait. 

"As the only company at Boursa Kuwait to offer investors access to the growing travel and aviation sector, the upgrade confirms the success of the company’s strategy and business model which positively contributes to the local economy," he noted.

At the end of 2021, the airline had completed an order with Airbus for 28 new aircraft: twenty A320neos and eight A321neos. The order is valued in excess of $3.3 billion at list prices.

Boodai attributed Jazeera’s continued growth to its team of experienced professionals who have been successful at overcoming regional and global challenges over the past years.

"As we continue to move forward, the Board and Executive Management