Shareholder in Kuwait’s Jazeera Airways considering stake sale
Boodai Corporation, Kuwait’s investment holding conglomerate, has hired advisors for a possible stake sale in low-cost carrier Jazeera Airways. The family-owned investment company with business interests covering aviation, engineering, construction and media, was looking at various options to sell down its stake in the airline. It holds 16.89% of Jazeera directly and further stakes indirectly through special purpose vehicles, giving it a controlling stake. (Reuters)
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