Jazeera to take delivery of new A320s
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Jazeera Airways Group has confirmed it will receive four new Airbus A320s between 2012 and end of 2014 as part of the airline’s fleet modernisation program. The airline had already taken delivery of one A320 in January 2010 as part of this order.Chairman Marwan Boodai said: “Having one of the Middle East’s youngest fleets is a core component of our customer offering. Our target is to phase out aircraft that have more than six years of operation, and we have already begun phasing out aircraft as part of this programme.” The airline also announced that it has revised the order it placed for A320s in 2007 from 40 aircraft to 15 aircraft.”The decision to resize our fleet is the right decision for Jazeera Airways at the time being, given the overcapacity we’ve seen in the market in 2009 and 2010 when we saw close to half of the seats offered by our peers on the routes we operated were being flown empty,” said Boodai. “However, we might revisit this decision in the future as Airbus introduces new A320 models to the market.”The decision to adjust the short-term fleet size was part of an internal business enhancement plan called the “Turn-Around Plan” that began rolling out in May 2010. Adjusting the fleet size was one of the objectives of the plan. Since then, our financial performance has beaten analyst expectations for every quarter.”Jazeera Airways reported a third quarter (Q3) net profit of KD4.4m, the airline’s best Q3 on record, and a fourth quarter (Q4) net profit of KD2m, making the second half of 2010 the airline’s best second half since 2008.In 2010, the airline carried 1.3 million passengers in total, or 15% of Kuwait International Airport passengers, on a 14,156 flights across its network that includes high-demand business, leisure, family, and weekend destinations such as, Dubai, Bahrain, Beirut, Alexandria, Amman, Damascus, Istanbul, Sharm El Sheikh, Doha, Assiut, Aleppo, Deir Ezzor, Luxor, Mashhad and Sohaj, Jeddah and Riyadh.
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