Kuwait’s Jazeera Airways said on its major shareholder had no current plans to divest its stake in the airline.
The carrier was responding to press reports that Boodai Corporation, an investment holding conglomerate, hired HSBC Bank Middle East Limited to advise it on a possible stake sale.
Sources had confirmed this to Reuters early last week.
Jazeera Airways’ major shareholder has “confirmed that they have no plans in the near future to sell their shareholding”, the carrier said in a bourse statement.
“But the shareholders are always reviewing their investment funds” and with support from advisors the possibility of selling in the future cannot be ruled out, the statement added.