JAZEERA AIRWAYS AGM SHOWS AIRLINE BACK TO RECORD PROFITS

Jazeera Airways Group demonstrated to shareholders at its Annual General Meeting (AGM) in Kuwait the measures it took to successfully bring it back to record profitability in the second half of 2010. 2010 financial highlights: – FY2010 operating profit of KD5.3 million, vs. 2009 operating loss of KD5.4 million – FY2010 net loss of KD2.8 million, vs. 2009 net loss of KD8.2 million – FY2010 revenue of KD42.6 million – Best third quarter earnings on record, best second half since 2008 – Two consecutive profitable quarters at ‘operating’ and ‘net’ levels for the first time – Acquisition of Sahaab Aircraft