22-Sep-2009 1:30 PM
flydubai steaming ahead with expansion plans
Analysis
flydubai confirmed plans to add two more B737-800s to its current fleet of four by the end of 2009, to support a network expansion covering eight new destinations by the end of the year.
CEO, Ghaith al-Ghaith revealed the carrier plans to "grow as fast next year as we have done since we launched, and even faster in 2011". Targets include "niche markets were there is no existing competition", including destinations in India, the CIS and Russia.
Turning to the markets, shares in Air Berlin, easyJet and Ryanair were all lower yesterday, slipping 0.8%, 0.8% and 2.3%, respectively.
Selected LCCs daily share price movements (% change): 21-Sep-09
Source: Centre for Asia Pacific Aviation & Yahoo! Finance