Jazeera Airways of Kuwait has received shareholder approval to cut its capital by more than a half, as it adjusts from having closed its airline leasing business. At an extraordinary general meeting in Kuwait on Oct. 12, shareholders approved a board recommendation to cut the hybrid airline’s capital from KD42 million ($139 million) to KD20 million through a share buyback program. The company will buy back 220 million shares at the nominal share price of 100 fils (one-tenth of a ...

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