‘Al-Jazeera will launch by the end of the year or very early 2005,’ Osameh Nijem, head of investment projects division, construction department, at the Directorate-General of Civil Aviation, said on the sidelines of MEED’s 2nd Middle East Airports conference on 29 November in Bahrain. ‘It is looking to operate A320s and fly within a two-hour radius.’

Shares in the airline’s initial public offering were more than 12 times oversubscribed when the project was launched earlier this year. Al-Jazeera offered KD 7 million ($23.6 million) of its KD 10 million ($33.9 million) capital, raising subscriptions of KD 84 million ($285 million).

www.meed.com/transport