Air Arabia will establish its second base, and first outside the UAE, in Rabat following the signing of an agreement with Regional Air Lines under which it will assume management control of the Morocco-based privately held carrier and apply its low cost business model. Air Arabia and Bahrain investment bank Ithmaar Bank will provide a "significant" capital injection into Regional, the Sharjah-based LCC said in a statement. Ithmaar Bank is serving as the financial adviser and financier for ...

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