-In order to characterize the gas-liquid parameters of a down-flow jet loop reactor, experiments were carried out to study the gas holdup, bubble sizes and their distribution, mass transfer area and mass transfer coefficient. The experiments were performed in the bubbly flow regime because of its stability and uniformity. Analysis of experimental data showed an unambiguous relationship between gas holdup, bubble size, bubble size distribution and interfacial area. It has also been found that gas holdup and interfacial area is a strong function of slip velocity. The variation of interfacial area and mass transfer coefficient were also analyzed and expressed as a function of operational and geometric parameters.