Monday, December 21, 2009

Air Arabia and Travco Group to Launch New Low Cost Carrier in Egypt

Air Arabia, the aboriginal and better bargain carrier (LCC) in the Middle East and North Africa, and Travco Group, the Middle East’s better biking and accommodation accumulation appear today the signing of a collective adventure acceding to barrage a new low amount carrier based in Egypt.

The new carrier will serve Europe, Africa and Asia markets and will represent Air Arabia third hub afterwards UAE and Morocco.

Building aloft Air Arabia’s absolute casework to 57 destinations above Europe, the Middle East, Africa and Asia, the new airline will accord to the on-going development of the Egyptian biking and tourism area as able-bodied as action a beyond abject of chump best amount for money air travel.

“The astronomic bartering success of Air Arabia in the six years back the carrier was launched makes bright the backbone of its business model, which we are assured will acquiesce Air Arabia ‘Egypt’ to ability new heights,” said Hamed El Chiaty, Chairman and CEO of Travco Group. “As the country’s a lot of able tourism and accommodation group, the Travco Group will accommodate its own agog insights into the European and Egyptian markets as able-bodied as the added region.”

“On account of the Air Arabia Group, I am captivated to advertise this new affiliation with the Travco Group, that will aggrandize Air Arabia casework in Egypt and above the added Europe, Africa and Asia region,” said Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia. “At a time if the all-around aerodynamics industry is witnessing austere challenges as a aftereffect of the common banking crisis, we abide to move advanced with our cardinal amplification strategy, as approved by this important announcement. Through this new partnership, we attending advanced to carbon the success Air Arabia has already accomplished from its absolute hubs”

The new carrier, whose operations will be managed by the Air Arabia Group, will chase the acknowledged bargain archetypal pioneered in the Middle East and North Africa by Air Arabia. Further advice apropos the new collective adventure will be announced in the abreast future.

Air Arabia, which currently operates a absolute agile of 20 new Airbus A320 aircraft, launched account from Sharjah, UAE, in October 2003. Earlier in May this year, the airline launched its additional hub in Mohammed V International Airport in Casablanca, currently accouterment account to 11 destinations above Europe and North Africa. The airline has a accepted adjustment with Airbus for the acquirement of 44 A320 aircraft.

Travco Group, a arch biking and accommodation empire, employs over 24,000 professionals, breeding over € 1 billion in revenues. Travco Group operates an all-encompassing accumulating of 146 hotels, resorts and cruises in Europe, Egypt, the Middle East and including the administration of the celebrated 81 Steigenberger and InterCity hotels; two mega-real acreage developments on Egypt’s North Coast and the Red Sea; a ample agile of 1,200 day-tripper carriage cars and a abounding ambit of aerodynamics casework including the civic attendance of ticketing offices and aircraft arena administration services. Travco Group operates through its arch appointment in Egypt in allocation with its all-embracing arrangement of offices in the UAE, Oman, Qatar, Syria and representation offices in the UK and Germany with added expansions absolutely underway.

About Travco:
The 13 year accolade champ Travco Group has permeated every angle of Egypt’s tourism industry, with a different absolutely chip business model. Travco Group International Holding awning includes the afterward brands; Travco Travel the flagship destination administration aggregation (DMC) of the accumulation handles added than 1.3 actor tourists annually; Their acclaimed accommodation brands are the affluence auberge casting Jaz, Iberotel Sol Y Mar Hotels & Resorts and Travcotels Nile cruises. This is in accession to the arch German auberge chains afresh acquired, Steigenberger Hotels & Resorts and InterCity Hotels. Travco Properties is Travco’s absolute acreage development arm and appearance two mega developments namely Almaza Bay on Egypt’s North Coast and Madinat Makadi on the Red Sea. Travco Transport and Prestige Cars baby-sit the busline fleet.

For added information, amuse visit: www.travcogroup.com

About Air Arabia:

Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s arch bargain carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a absolute agile of 20 new Airbus A320 aircraft, confined 57destinations from its hubs in the UAE and Morocco.

Air Arabia is an award-winning airline that focuses on alms comfort, believability and value-for-money air travel. For added information, amuse visit: www.airarabia.com

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