Lakson Group, one of Pakistan’s leading business conglomerates and Air Arabia Group, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, have announced their decision to form of a joint venture to launch “Fly Jinnah”, Pakistan’s new airline. The proposed JV will see the establishment of a low-cost passenger airline serving domestic and international routes from Pakistan.
“Fly Jinnah” will serve the strategic vision of Pakistan’s travel and tourism sector and contribute to the country’s economic growth and job creation, while providing Pakistanis with reliable and value for money air travel.
“Fly Jinnah” will initially be based in Karachi serving a range of domestic routes across Pakistan and then will expand its route network internationally. The new carrier will follow the low-cost business model and provide its customer base with a reliable operation and value-driven product.
Work on securing the Air Operating Certificate (AOC) – which allows the airline to start operating – will commence shortly. More details about the launch date, fleet, and destination network will be announced in due course.
According to IATA, the air transport industry, including airlines and its supply chain along with the tourism spend are estimated to support US$3.3 billion of GDP in Pakistan. In total, 1 percent of the country’s GDP is supported by inputs to the air transport sector and foreign tourists arriving by air.