Jazeera Airways has announced a net profit of KD14.9 million, up 124.1% from last year, supported by a 20.6% increase in number of passengers, reaching 2.4 million, and a 25.9% increase in operating revenue to KD103.7 million.
Comair’s business rescue process navigated past two important milestones this week as the investors secured the required credit approval from various lenders of debt funding, as well as approval from various regulators necessary for their investment in Comair to proceed.
AE Industrial Partners, a private equity firm with an aerospace and defense focus, is growing its military space business with a new acquisition that serves the Pentagon’s desire to tap into small-form, new-space developments.