Air Arabia signed a joint venture agreement with Egyptian travel and hospitality conglomerate Travco Group to launch an Egypt-based low-cost carrier that will serve Europe, the Middle East and Africa. The new base will be Air Arabia's third after Sharjah and Casablanca. It did not say where the new LCC will be based or give details on specific routes or a timeline for launch. The venture will have startup capital of $50 million with Air Arabia Group holding 40% stake, according to several ...

Subscribe to Access this Entire Article

"Air Arabia to launch Egyptian LCC" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.