Tag Archives: A6-ABB

Air Arabia 2Q net profit slips by 44% to $13.6 million

Air Arabia (airarabia.com) (Sharjah) reported its net profit for the second quarter dipped by 44 percent to $13.6 million.

Read the full story from Bloomberg Businessweek:

CLICK HERE

Copyright Photo: Paul Denton. Airbus A320-214 A6-ABB (msn 2166) climbs away from the SHJ base.

Air Arabia to form Air Arabia Egypt joint venture

Air Arabia (airarabia.com) (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.

News link:

www.arabtimesonline.com/kuwaitnews/pagesdetails.asp?nid=38383&ccid=12