Jazeera Airways results

Jazeera Airways reported a 4.9% increase in revenue for 2014 to KD68.8 million ($228.8 million) and although net profit rose 4.4% to KD17.4 million, it was affected by a “one-time non-recurring loss leading to a net loss of KD2.88 million for the year”. The net loss was reportedly caused by the sale of aircraft to UK-Chinese joint venture, Jazeera Airways Group, for less than their booked value. Jazeera has also recommended record dividends and payments to shareholders totaling up to KD50 million in the form of special dividends for 2014 and a share buyback program. Jazeera Airways Group Chairman, Marwan