Kuwait budget carrier Jazeera Airways has been ordered to pay a fine of more than $155,000 after an appeal against aircraft parking charges incurred during the Kuwait budget carrier Jazeera Airways has been ordered to pay a fine of more than $155,000 after an appeal against aircraft parking charges incurred during the

Jazeera Airways ordered to pay fine for Covid parking

2025/12/18 22:02
  • Appeal against charges thrown out
  • Fine of $155,000 after appeal
  • Airline says it has ‘sufficient provisions’

Kuwait budget carrier Jazeera Airways has been ordered to pay a fine of more than $155,000 after an appeal against aircraft parking charges incurred during the Covid pandemic was thrown out.

The claim was initially launched by Kuwait’s Directorate General of Civil Aviation, the federal authority for airline-related activities.

The regulator had originally sought KD1.1 million ($3.6 million), with the court awarding $155,000. The airline appealed the decision but Kuwait’s Court of Appeal on Thursday upheld the initial ruling and said a further payment of $1,629 should be made for attorney fees as well as an unspecified amount for expenses.

In a disclosure to the Boursa Kuwait, Jazeera Airways said there would be “no sufficient impact” to the carrier’s balance sheet as there are “sufficient provisions to cover the full amount of the claim”.

In March Jazeera Airways was fined over KD72.8 million ($236 million) by a court after one of the airline’s Airbus A320s collided with a tethered military balloon eight years ago.

Further reading:

  • Kuwait’s Jazeera Airways CEO buys shares in his own airline
  • Jazeera Airways board backs voluntary acquisition offer
  • Shares of Jazeera Airways rise 5% as profit jumps

Jazeera Airways, the first non-government owned airline in the Middle East, said in November that net earnings went up 16 percent year on year to KD13.5 million in the quarter ended September 2025, driven by high demand across leisure and family routes.

The airline carried more than 3.7 million passengers across its network of 64 destinations in the Middle East, Asia, Africa and Europe between January and September. The load factor stood at 76.5 percent.

It expanded its network to 72 destinations in the first nine months of 2025, up from 64 a year earlier.

Last month the board of directors of the low-cost carrier recommended that its founding shareholder buy all equity from minority shareholders.

In a statement, the company said the acquisition would be made through the Boodai Reliance Real Estate Company, which is jointly owned by Marwan and Jassim Boodai, who founded Jazeera Airways.

Shares in Jazeera Airways are up 67 percent in the year to date at KD1.68.

Market Opportunity
FINE Logo
FINE Price(FINE)
$0.0000000007737
$0.0000000007737$0.0000000007737
+1.46%
USD
FINE (FINE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Old Bitcoin Rules No Longer Apply, Arthur Hayes Warns

The Old Bitcoin Rules No Longer Apply, Arthur Hayes Warns

The post The Old Bitcoin Rules No Longer Apply, Arthur Hayes Warns appeared on BitcoinEthereumNews.com. Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake’s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it’s a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition…
Share
BitcoinEthereumNews2025/10/09 23:38
Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next

Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next

The post Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next appeared on BitcoinEthereumNews.com. Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and…
Share
BitcoinEthereumNews2025/10/07 15:37
The Contrarian Truth: Why Bitcoin and Ethereum Prices Defy Social Media Sentiment

The Contrarian Truth: Why Bitcoin and Ethereum Prices Defy Social Media Sentiment

BitcoinWorld The Contrarian Truth: Why Bitcoin and Ethereum Prices Defy Social Media Sentiment Have you ever noticed that when everyone on social media is screaming
Share
bitcoinworld2025/12/20 07:45