In the annual Top CEO Conference and Awards held in Dubai, Jazeera Airways’ Chief Executive Officer, Rohit Ramachandran, received the Top CEO Award in the Logistics and Industrial category for the airline’s record return to profitability for the financial year 2021.

The Top CEO Awards are based on the financial performance, size, and corporate governance of GCC-listed companies. The awards were created in 2012 to recognize those who created value and contribute to boosting the region’s economy while maintaining transparency and good corporate governance.

Speaking on the significance of the award, Ramachandran, said: “I collect this award on behalf of the whole Jazeera team who worked incredibly hard to deliver great results and expedite the recovery of the company after the pandemic. Jazeera’s resilient business model has not only enabled millions of passengers to access low-cost travel, it has also delivered excellent results to our shareholders over the years. We have accomplished this by staying true to the values set by the Founder and Chairman, Mr. Marwan Boodai, who launched the airline 17 years ago, and under the oversight and guidance of our Board who take governance and building shareholder value very seriously.”

The awards shortlist the best performing 100 companies listed in the seven stock exchanges and operating in ten sectors. The Hawkamah Institute provides corporate governance guidelines developed by the Top CEO in partnership with INSEAD Business School.

The “Big Four” auditing firm, KPMG, has audited the rankings of the 2022 awards.

In 2021, Jazeera Airways returned to profitability despite continued travel restrictions imposed by the Covid-19 pandemic. The airline had safeguarded its position during the peak of the pandemic in 2020 and 2021 and returned to profitability in record time during the third quarter of the year.