Air Arabia Egypt to reportedly launch operations at end of Apr-2010; 1time reports net profit

Air Arabia (+1.0%) was the only Middle Eastern airline stock to rise on Tuesday, following news during trading that the LCC reportedly plans to launch commercial operations from its third hub in Alexandria, Egypt the end of Apr-2010. The carrier has yet to announce which destinations the hub will serve. Reports earlier in the week suggested the launch had been pushed back to 2H2010.

Archives

DISCLAIMER: PrivateJetsCharter is not a part 135 air carrier and only acts as an agent to provide info on the best carrier available for charter. PrivateJetsCharter arranges flights on behalf of jet charter clients with FAR Part 135 air carriers that exercise full operational control of charter flights at all times. Flights will be operated by FAR Part 135 direct air carriers that have been certified to provide service for PrivateJetsCharter clients and that meet all FAA safety standards and additional safety standards established by PrivateJetsCharter.