Do you think that the Kuwaiti low fare market is going to explode? You’re not the only one. Kuwait’s first low-fare carrier, al-Jazeera Airways (no relation to the cable news network), had its IPO yesterday. The offering was well received, as there was 12 times more demand than there was shares available (I apologize for the tortured grammar in that sentence). The carrier, which has not yet begun flying, will offer fares at about 55% off current prices to Lebanon, Syria, Jordan, Egypt, Iran, and the other five countries in the Gulf Arab region.