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Low-cost airline set for Kuwait listing

8 January 2008

Low-budget airline Jazeera Airlines said yesterday it would debut on the Kuwaiti stock market on January 14, more than six months later than initially planned.

The company won Kuwaiti approval for the listing, Jazeera said. It had initially planned to list its shares in the second quarter, but had to wait for final approval.

Jazeera shareholders approved in September 2006 a plan to double the airline’s capital to 20 million dinars ($73.23m) by selling stock to existing shareholders.

source:  Gulf Daily News

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