1-Apr-2013 10:14 AM

Royal Jordanian outlines financial, network and fleet plans for next five years

Royal Jordanian chairman Nasser Lozi said (31-Mar-2013) the airline plans to implement a number of strategic plans to optimise the value of the company, including increasing capital from JOD84.3 million (USD119.1 million) to 184.3 million (USD260.4 million). Jordan's Government plans to maintain its 26% ownership in the new capital and the airline is currently studying means to raise the funds. Royal Jordanian president and CEO Amer Hadidi said the carrier's strategy over the next five years is designed to develop sources of revenue other than passenger and cargo services, including providing ground handling and MRO services to other carriers. Mr Hadidi also said the airline plans to modernise its fleet and expand its network to new regional and international markets. Mr Lozi said the carrier's future efforts will be directed towards attracting more passengers, increasing revenues and modernising IT, air and ground systems. The airline also expects to receive the first of 11 Boeing 787s in 3Q2014. [more - original PR]

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