Air Arabia (airarabia.com) (United Arab Emirates) (Sharjah) is buying a 49 percent share of Petra Airlines (Amman) and will open a new hub in Amman. Petra Airlines will become Air Arabia Jordan. The airline has issued this statement:
Air Arabia announced today (January 5) that it will open a new international hub at Amman Queen Alia International Airport in Jordan, its fifth fixed-based operation globally, following the acquisition of a 49 percent stake in Petra Airlines. The deal will see the existing principle shareholder of Perta Airlines, the RUM Group, maintain a 51 percent stake. The new partnership will also lead to the creation of Air Arabia Jordan and will reinforce the airline‟s leadership of the low-cost aviation market in the MENA and Levant region.
Following the acquisition and the establishment of the new Air Arabia Jordan, operations are expected to commence in the first quarter of 2015. The newly established carrier, managed by Air Arabia, will follow the carrier’s business model serving as Air Arabia’s fifth hub in the Arab world. Air Arabia Jordan will provide direct service to a range of destinations across the Europe, Middle East and North Africa region from Queen Alia International Airport.
Air Arabia Jordan will serve as Air Arabia’s fifth hub and will follow the same proven value for money business model. Two Airbus A320 aircraft will initially be based at Amman Queen Alia International Airport and the fleet will grow as the business demands. Launch routes will be announced in the coming weeks.
Air Arabia, listed on the Dubai Financial Market, launched service from Sharjah, UAE, in October 2003. Today, the carrier provides service to 100 destinations, spanning Europe, the Middle East, Africa and Asia, from its four existing hubs in the UAE, Egypt and Morocco.
Petra Airlines is founded in Jordan in 2005 by RUM Group, Jordan’s leading travel and transport group. Petra Airlines currently operates two Airbus A320s.
Top Copyright Photo: Paul Denton/AirlinersGallery.com. Air Arabia’s Airbus A320-214 A6-ANJ (msn 5143) taxies at the Sharjah hub.
Air Arabia (UAE) aircraft slide show:
Bottom Copyright Photo: Ton Jochems/AirlinersGallery.com. Petra Airlines’ Airbus A320-212 JY-PTB (msn 537) taxies at Antalya, Turkey.