Category Archives: AirArabia Egypt

Air Arabia’s second quarter profit rose 2% to $13.8 million

Air Arabia’s ( (Sharjah) net profit for the three months ending on June 30, 2011, rose to AED 51 million ($13.8 million), an increase of 2 percent compared to AED 50 million in the corresponding period in 2010.

The airline served 1,161,944 passengers in the second quarter of 2011, an increase of five percent compared to 1,108,310 passengers in the same period last year. In the three months ending on June 30, 2011, Air Arabia’s average seat load factor – or passengers carried as a percentage of available seats – maintained its impressive rate and stood at 82.5 percent.

Air Arabia operates from three main bases in Sharjah International Airport, United Arab Emirates; Mohamed V International Airport in Casablanca, Morocco and Alexandria airport in Egypt.

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AirArabia (Egypt) to launch operations on June 1

AirArabia ( (Egypt) (Alexandria) received its AOC yesterday (May 22) and will launch scheduled operations initially with a pair of Airbus A320s. The first route will be between Alexandria and Khartoum. Kuwait City will be added the next day.

AirArabia (United Arab Emirates) (Sharjah) announced on September 9, 2009 the founding of a new subsidiary in Egypt. AirArabia (40%) is partnering with the Travco Group (50%), Egypt’s largest tourism company. An unnamed Egyptian investor will hold the remaining 10%.

Air Arabia to form Air Arabia Egypt joint venture

Air Arabia ( (Sharjah) is forming a joint venture (JV) in Egypt with the Travco Group. The new venture will be named Air Arabia Egypt and is due to start operations later this year or early in 2010 with Airbus A320s. Air Arabia will control 40 percent of the stock of the new company.

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