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Saturday 21 November 2009 (UAE)
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Air Arabia Egypt
Air Arabia Egypt is a new budget airline to be based in Egypt, and established as a joint venture between Air Arabia in Sharjah, UAE, and Travco Group, a large Egyptian travel and tourism company.
- Air Arabia in the UAE will have a 40% stake in Air Arabia Egypt, Travco will have 50% ownership, and the other 10% will be privately held.
- Air Arabia Egypt start up capital AED 180 million ($50m) or $20 million rising to $50m (both figures reported).
- First flights for Air Arabia Egypt expected by March 2010.
- Egyptian hub location not released initially but several Egyptian airports might be used as departure points. The Air Arabia CEO, Adel Ali, said "Egypt has a number of international airports and we aim to operate from as many as we can" at the time the new JV was announced.
- According to a 13 September 2009 report by Reuters, the Travco CEO and Chairman, Hamed El Chiaty, said Air Arabia Egypt would apply for Egyptian government approval to use airports at Alexandria, Cairo, Hurghada, Luxor, and Sharm El Sheikh.
Air Arabia Egypt destinations
Air Arabia Egypt destinations are likely to be the MENA (Middle East North Africa) region and Europe.
Air Arabia Egypt operations (based on Travco CEO comments 13 September 2009)
- Air Arabia will be in charge of flight operations, catering, maintenance, and engineering
- Travco will be involved with marketing and communications with the Egyptian government
- Air Arabia Egypt tickets will be available through the Travco network of tour operators and travel agencies
- Air Arabia Egypt aircraft to be leased from Air Arabia in the UAE, and/or other airlines/aircraft suppliers
Air Arabia Egypt timeline
- March 2010 - first Air Arabia Egypt flights planned.
- 09 September 2009 - Air Arabia announces they will establish a third hub in Egypt in a partnership with Travco Group in Egypt.
Last update Monday 14-Sep-2009
Related pages
- Air Arabia Sharjah - the original Air Arabia company
- Air Arabia Moroc is another Air Arabia subsidiary establised in Morocco, with first flights in early 2009.
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