Egypt’s first low-cost carrier takes to the air
June 2nd, 2010 - 3:32 am ICT by IANSCairo, June 2 (DPA) Egypt’s first budget airline, Air Arabia Egypt, took to the air Tuesday, with its first international flight leaving the northern city of Alexandria for the Sudanese capital, Khartoum.
The company, a joint venture between the UAE-based Air Arabia and Egypt’s Travco Group, said it plans to launch other services to Kuwait, Amman and Beirut.
Air Arabia’s 2010 first quarter profits decreased by around 51 percent to 50 million UAE dirhams (around $13.6 million), compared to same period in 2009, due to higher fuel prices and pressure on yield margins.
- Air Arabia Q2 profit at $30 mn - Aug 08, 2010
- Air Arabia posts $15 mn first quarter profit - May 07, 2010
- Egypt Air strikes out Israel from route map - Mar 26, 2011
- UAE most competitive banking market in Gulf - Jan 14, 2012
- Over 7,000 Indians to be back from Libya by Thursday (Roundup) - Mar 03, 2011
- Jet Airways to evacuate Indians from Libya - Mar 02, 2011
- Air Arabia announces low-fare festive bonanza for Indians - Oct 07, 2009
- Air Arabia bags Indian award - Dec 28, 2011
- Jordan to launch first low-cost carrier - Jun 08, 2010
- Unrest swells in Egypt as cornered government bans Al-Jazeera (Roundup) - Jan 30, 2011
- Air Arabia Egypt launches Istanbul flights - Jun 25, 2011
- "Egypt is free!": Nation celebrates as Mubarak resigns - Feb 12, 2011
- Dubai to host 5th Gulf film fest - Jan 05, 2012
- All Indians to be back home from Libya by Friday - Mar 10, 2011
- Pakistan overseas remittances up 18 percent - Dec 14, 2011
Tags: 50 million, 6 million, air arabia, air cairo, amman, beirut, budget airline, city of alexandria, dpa, first quarter, fuel prices, international flight, joint venture, khartoum, low cost carrier, margins, quarter profits, sudanese capital, travco, uae dirhams