Jazeera Airways to purchase 6 Airbus A320 aircraft

Converting from lease to owned aircraft to reduce costs
2024-12-12
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/ New Delhi
Leading low-cost carrier of Kuwait, Jazeera Airways has added yet another international destination, flying from Kuwait to Tehran in Iran. In a press statement, Jazeera Airways says that the flight will be operated twice a week and travellers from Mumbai, Hyderabad, Bangalore, Chennai and Kochi will benefit from this addition. The flight for Tehran will depart from Kuwait evert Friday and Sunday at 09:40, reaching Tehran at 11:45. The flight from Tehran to Kuwait will leave every Friday and Sunday at 12:45, reaching Kuwait at 13:50, says the airline. The statement adds that in addition to Tehran, Jazeera Airways also flies to the cities of Mashhad and Shiraz in Iran. With a network of 66 destinations across the Middle East, Europe, Central & South Asia and Africa, Jazeera also provides other convenient connections through Kuwait, it adds. This includes touristic destinations like Istanbul, Bodrum, Baku, Cairo and Sharm El Sheikh.
Jazeera Airways to purchase 6 Airbus A320 aircraft

Purchasing six Airbus A320 CEO aircraft will enhance Jazeera’s operational resilience and cost-efficiency

As part of its efforts to optimise its costs and ongoing transformation, Kuwaiti low-cost carrier Jazeera Airways has purchased six Airbus A320 CEO aircraft that it had so far been on lease but operated by Jazeera Airways.
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Jazeera Airways, Kuwait’s leading low-cost carrier, has announced plans to purchase six Airbus A320 CEO aircraft, as part of its ongoing transformation and strategic growth. These aircraft are currently leased and operated by Jazeera as part of its fleet. 

In a press statement, the airline says that the transition from leased to owned aircraft is aimed at reducing unit costs and mitigating supply chain challenges that have impacted the aviation industry, including delays in aircraft deliveries. 

This move will further enhance Jazeera’s operational resilience and cost-efficiency, especially as the airline prepares to mark 20 years of flying in 2025.

The statement adds that as part of its transformation, Jazeera Airways plans to expand its network of routes, introduce enhanced in-flight services, and leverage cutting-edge technologies to elevate the overall passenger experience. The airline is also committed to maintaining the highest safety standards and continuing to adapt to evolving market demands in the coming years.

Kuwait’s low-cost airline Jazeera Airways says it has registered a strong growth in the first quarter of 2023. In a press statement, the airline says that passenger traffic registered an increase of 56.6 pc to 1.1 million in the current quarter and load factor reached 82.1 pc, an increase of 6.9 pc compared to Q1 2022. According to the statement, a net profit of USD 7 million for the first quarter of 2023 as opposed to USD 12 million in the same period in 2022, when the fares were far higher as a result of the strong post-pandemic demand. “2023 has started off on a positive note for Jazeera Airways. Despite fuel prices putting pressure on margins for the first quarter, a continued focus on operating costs enabled us to deliver profits in line with our aggressive growth targets and on the track to be a fantastic year. Load factor in this quarter reached 82.1 pc, the highest ever for Jazeera in any quarter, especially for Q1 which is typically not the strongest. This demonstrates the strength of our business model and sound validation from our customers,” says Marwan Boodai, Chairman, Jazeera Airways. The airline statement goes on to add that over the next few months of the current financial year, Jazeera will welcome four additional aircraft into its fleet. Jazeera Airways ordered an Airbus simulator after receiving the designation of an ‘Approved Training Organisation’ from Kuwait's Directorate General of Civil Aviation (DGCA) last year. This simulator, which is anticipated to be deployed by the end of 2023, will allow for internal pilot training and oversight to guarantee the highest standards of safety for both crew and passengers. The airline also plans to work with a training facility recognised by the European Aviation Safety Agency (EASA) to start its own Multi-Pilot License (MPL) programme.

Marwan Boodai

“Our decision to invest in six Airbus A320 aircraft reflects our forward-thinking approach to fleet management and transformation. By building a balance between leased and owned aircraft, we are reinforcing our operational resilience while ensuring we maintain one of the most cost-efficient models in the region. This acquisition also highlights our commitment to enhancing passenger experience, improving operational efficiency, and expanding our reach as we transform into a more sustainable and innovative airline. As we evolve, we will continue to stay focused on delivering value to both our customers and our shareholders,” says Marwan Boodai, Chairman, Jazeera Airways.

The airline is expecting deliveries from its current order book of 26 Airbus A320 family aircraft including 18 A320 NEO and 8 A321 NEO aircraft to begin in 2026. By expanding its fleet, Jazeera is well-positioned to expand its network footprint and deliver lower unit costs across its markets. 

The airline currently operates a fleet of 24 aircraft which includes 13 A320 CEO and 11 A320 NEO serving a network of more than 60 destinations across the Middle East, Central and South Asia, Africa and Europe.

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