Power 100 - Marwan Boodai
Posted inUncategorized Power 100 - 2008

Marwan Boodai

Designation: Marwan Boodai is one of Kuwait's most powerful business leaders. He is both chairman and CEO of Jazeera Airways, the Middle East's first private sector airline, which ended Kuwait's 50-year dependence on a single national airline.

Marwan Boodai is one of Kuwait’s most powerful business leaders. He is both chairman and CEO of Jazeera Airways, the Middle East’s first private sector airline, which ended Kuwait’s 50-year dependence on a single national airline.

Jazeera is the only airline in the Middle East that is neither owned nor subsidized by any government, and net profit for 2007 was KD 2.29 million, while operating revenues for the year totaled KD 34.7 Million. This represents growth of 61.2% over operating revenues of KD 21.5 million for the full year 2006 (the airline’s first full operating year).

The year 2007 was one of rapid growth for Jazeera Airways. In April it launched its second hub in Dubai enabling it to cater to Dubai residents by offering nonstop flights to high demand destinations such as Bahrain, Kochi, Mumbai, Delhi, Salalah, Muscat, the Maldives, and Beirut. By the year’s close, the airline had flown 1.2 million passengers, doubling the number of passengers in 2006, at a load factor of 74% – a growth of 12% over 2006.

Aside from successfully launching Jazeera Airways, he is also CEO of the Boodai Corporation, a Kuwait-based business of semi-autonomous companies offering complementary products and services engaged the construction, engineering, shipping, logistical services, energy, consumer durables, media, broadcasting and publishing industries.

Set up in the mid-1950s to supply equipment and tools to the nascent oil exploration industry, today, it now has a work force of around 3500 people. Aside from its very strong presence in the Middle East, the Boodai Corporation has always had an international perspective – it has offices in Europe and Japan – and a long, outstanding history of involvement in joint ventures and multinational links.

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