8-Jun-2010 10:50 AM

Air Arabia and Tantash Group to launch Jordan’s first LCC

Air Arabia signed a JV agreement with Jordanian Tantash Group to launch Air Arabia Jordan, Jordan's first LCC (Reuters/Gulf News, 07-Jun-2010). Details include:

  • Partner details: Jordanian Tantash Group is an Amman-based investment company with interests in travel and tourism, real estate, financial services and industrial investment;
  • Management: The new carrier will be managed by the Air Arabia Group;
  • Base: The new LCC will be based in Amman's Queen Alia International Airport and will become the carrier's fourth regional hub, after Sharjah, Morocco and Alexandria;
  • Destinations: The new LCC will serve destinations across Europe, the Middle East and North Africa;
  • Further details: Further information regarding the new JV will be communicated in the near future.

Air Arabia: "At a time when the global and regional economy continues to demonstrate strong signs of sustained recovery, we are confident of the long-term growth opportunities for the first low-cost carrier in the Kingdom, which will provide the high level of service, operational reliability and value-for-money fares that have become hallmarks of the Air Arabia brand," Adel Ali, CEO. Source: Gulf News, 07-Jun-2010.

Tantash Group: "With nearly two decades of experience in the travel and tourism sector in Jordan, Tantash Group, like our partners Air Arabia, is a pioneer in the region’s rapidly expanding travel sector. This partnership therefore represents a unique synergy of skills, experience and management vision, which will provide significant benefits for travellers based in Jordan and across the wider EMEA region," Mazen Tantash, Chairman. Source: Gulf News, 07-Jun-2010.