25-Jan-2011 4:08 PM
Air Arabia sees double-digit traffic growth over mid-term
Analysis
Air Arabia stated its passenger traffic is expected to rise by up to 15% p/a over the next four years, according to a Reuters report. The airline plans to add eight more routes by the end of 2011, for a total of 75.
The Sharjah-based LCC, which has bases in Morocco and Egypt, plans to launch its new Jordanian venture in Jun-2011.
Air Arabia shares rose 1.7% yesterday.
Selected African and Middle Eastern airlines’ share price movements: (% change): 24-Jan-2011
