29-Mar-2011 3:55 PM
Air Arabia to increase capacity to Kiev, shares rise
Analysis
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.
Summary
- Air Arabia is expanding its service to Kiev, Ukraine, from its hub in Sharjah.
- The service will increase from five times weekly to daily, starting from 01-Apr-2011.
- The expansion is in response to the growing cultural and economic ties between Ukraine and the UAE.
- Air Arabia aims to provide low-cost travel options for business and leisure customers between the two countries.
- The airline first started operating flights to Kiev in October 2008.
- Following the announcement, Air Arabia's shares rose by 1%.
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
