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FinancialNews
17-10-19
Abu Dhabi's first low-cost carrier by Etihad, Air Arabia
(MENAFN) The owner of the national airline of the UAE, and Air Arabia, the Middle East and North Africa"s first and largest low-cost carrier, Etihad Aviation Group announced today the signing of an agreement to launch Air Arabia Abu Dhabi, the capital"s first low-cost carrier. Etihad and Air Arabia will set up an independent joint venture company that will operate as a low-cost passenger airline with its center in Abu Dhabi International Airport. Air Arabia will complement Etihad Airways"s services from Abu Dhabi and will provide to the growing low-cost travel market segment in the region. Group chief executive officer, Etihad Aviation Group, Tony Douglas, said: "Abu Dhabi is a thriving cultural hub with a clear economic vision built on sustainability and diversification. With the emirate"s diverse attractions and hospitality offerings, travel and tourism play a vital role in the economic growth of the capital and the UAE. By partnering with Air Arabia and launching Abu Dhabi"s first low-cost carrier, we are serving this long-term vision."
MENAFN1710201900450000ID1099140099
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