Jazeera Airways eyes long-haul venture
Kuwaiti LCC Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in Kuwait Airways. Jazeera chairman Marwan Boodai said he would still prefer a stake in loss-making Kuwait Airways, but that he was preparing an alternative strategy. "Plan 'B' is tying up with an international player to go long-haul. We're seriously considering this now," he said. Kuwait Airways' privatisation was ratified in 2008, and both Jazeera and logistics firm Agility expressed an interest in buying a stake. However, Kuwait Airways' weak finances and bureaucratic hurdles have delayed the process. The carrier is currently in the midst of a restructuring aimed at returning it to profit, a step required ahead of a sale. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-01/unaligned/jazeera-airways-eyes-long-haul-venture
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Jazeera Airways eyes long-haul venture
Kuwaiti LCC Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in Kuwait Airways. Jazeera chairman Marwan Boodai said he would still prefer a stake in loss-making Kuwait Airways, but that he was preparing an alternative strategy. "Plan 'B' is tying up with an international player to go long-haul. We're seriously considering this now," he said. Kuwait Airways' privatisation was ratified in 2008, and both Jazeera and logistics firm Agility expressed an interest in buying a stake. However, Kuwait Airways' weak finances and bureaucratic hurdles have delayed the process. The carrier is currently in the midst of a restructuring aimed at returning it to profit, a step required ahead of a sale. <br/>
