24-Mar-2010 4:56 PM
Air Arabia Egypt to reportedly launch operations at end of Apr-2010; 1time reports net profit
Analysis
Air Arabia (+1.0%) was the only Middle Eastern airline stock to rise on Tuesday, following news during trading that the LCC reportedly plans to launch commercial operations from its third hub in Alexandria, Egypt the end of Apr-2010. The carrier has yet to announce which destinations the hub will serve. Reports earlier in the week suggested the launch had been pushed back to 2H2010.
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