Air Arabia Egypt

IATA - ICAO - Callsign AIR ARABIA
Founded	9 September 2009
Bases	Borg El Arab Airport[1]
Fleet size	-
Destinations	-
Parent company	Air Arabia (40%) Travco Group (50%)
Headquarters	Egypt
Key people

Air Arabia Egypt is a planned low-cost airline to be based in Egypt.^[2]

Air Arabia announced at a press conference on 9 September 2009 that they will be setting up a new airline to be based in Egypt with Travco Group to boost tourism in Egypt and to expand the Air Arabia network.^[3] Travco is Egypt's largest tourism company.

The airline will launch commercial operations in March 2010.

Contents 1 Operations 2 Destinations 3 Fleet 4 References

[edit] Operations

Travco Group will be the majority owner with a 50% stake in the airline, Air Arabia with 40% and an independent Egyptian investor will hold the remaining 10%.

The airline will have an initial capital of $20 million, increasing to $50 million over the next three years.

A joint board has been set up with all 3 stakeholder represented. Key business decisions will be made by the board, but Air Arabia are responsible for the day-to-day running of the company in addition to maintenance, engineering, catering and handling.

Travco (which owns 146 hotels, resorts and cruise ships and handles more than 1.3 million tourists annually) will provide the airline with access to its network of tour operators, help with marketing and assist with government relations.

[edit] Destinations

During the Arab Air Carriers Organization conference in October 2009 Air Arabia CEO Adel Ali indicated that the new airline would operate from Alexandria and a Red Sea station (either Sharm el-Sheikh or Hurghada) as well as Cairo. "Egypt has different needs," he says, in contrast to the single bases established by Air Arabia in Sharjah and Morocco.

Air Arabia Egypt will seek government approval to launch operations from as many as 5 airports including Cairo International Airport, Alexandria International Airport, Sharm el-Sheikh International Airport, Hurghada International Airport and Luxor International Airport.^[4]

The airline intends on serving destinations in Africa, Europe and Middle East to help contribute to tourism in Egypt.

[edit] Fleet

The airline's fleet will center around the Airbus A320 (as operated by Air Arabia).^[5] The exact fleet size and strategy has yet to be revealed however the CEO has stated the airline is likely to launch operations with 2 leased aircraft.

[edit] References