Dubai: Jazeera Airways may launch long-haul flights if it’s not able to
buy a controlling stake in Kuwait Airways, chief financial officer
Donald Hubbard told Gulf News on Tuesday.
Jazeera Airways, the Kuwait-based low-cost hybrid airline, expressed interest in May this year in acquiring a 35 per cent controlling stake in Kuwait Airways, the country’s national airline. But the Kuwait government has since back-tracked on its plan to sell off all but 20 per cent of the airline. Instead, it has put forward a proposal to retain 75 per cent.
Jazeera Airways hoped to synergies its processes with Kuwait Airways, including operations at Kuwait International and using the Kuwaiti national carrier’s long-haul network to feed its own regional flights.
According to Hubbard, the low-cost hybrid carrier is looking at starting flights to London, Paris and possibly Singapore, if it can no longer purchase a controlling state in Kuwait Airways.
Read news in full 13/10/15 Alexander Cornwell/Gulf New
Jazeera Airways, the Kuwait-based low-cost hybrid airline, expressed interest in May this year in acquiring a 35 per cent controlling stake in Kuwait Airways, the country’s national airline. But the Kuwait government has since back-tracked on its plan to sell off all but 20 per cent of the airline. Instead, it has put forward a proposal to retain 75 per cent.
Jazeera Airways hoped to synergies its processes with Kuwait Airways, including operations at Kuwait International and using the Kuwaiti national carrier’s long-haul network to feed its own regional flights.
According to Hubbard, the low-cost hybrid carrier is looking at starting flights to London, Paris and possibly Singapore, if it can no longer purchase a controlling state in Kuwait Airways.
Read news in full 13/10/15 Alexander Cornwell/Gulf New
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