Etihad Aviation Group and Air Arabia announced on Wednesday they have signed an agreement to launch Air Arabia Abu Dhabi, the first low-cost carrier based out of the UAE capital.
While Sharjah-based Air Arabia already has hubs in other countries including Egypt and Morocco, its presence in Abu Dhabi will be under a newly-created entity and not as an additional hub, Gulf News understands.
The board of directors of the joint venture will consist of members nominated by Etihad and Air Arabia, and the company will have an independent strategy and business mandate.
The legal framework around the operation of the joint venture is yet to be established.
Tony Douglas, group chief executive officer of Etihad Aviation Group, said that the partnership will serve Abu Dhabi’s tourism goals and contribute to the emirate’s economic growth.
As part of KPMG’s ongoing efforts to raise awareness of key industry developments, KPMG in Bahrain is calling out…362 Views | the publication reaches you by | Dubai Today
Do you have information you want to reach our readers?
The global freelancing market is set to grow $20bn by 2020. Where does the market stand here in…