Air Arabia to increase capacity to Kiev, shares rise

Air Arabia has announced the expansion of service to Kiev, Ukraine, from the carrier's primary hub in Sharjah, from five times weekly to daily, effective 01-Apr-2011.

An airline spokesman said: "As cultural and economic ties between the Ukraine and UAE continue to strengthen, we have seen an appeal for low cost travel options between the two countries. By flying daily between Sharjah and Kiev, Air Arabia is giving business and leisure customers even more flexibility in how they choose to travel."

Air Arabia commenced services to the Ukraine capital in Oct-2008. Its shares rose 1% yesterday.

Selected MEAAD daily share price movements (% change): 28-Mar-2011