24-May-2010 4:46 PM
Air Arabia receives its Air Operator's Ceritificate for Egypt; Fly540 to sign tour agreement
Analysis
Air Arabia received its Air Operator's Certificate (AOC) from the Egyptian Civil Aviation Authority, clearing the way for the imminent launch of Air Arabia Egypt, the carrier's Alexandria-based joint venture company. Air Arabia Egypt's operations will commence in Jun-2010 from Alexandria Burj Al Arab Airport. Air Arabia's shares fell 0.7% on Friday.
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