If Etihad and Emirates have been on expansion spree with a
number of partnerships and agreements with global airlines, Sharjah based Air
Arabia is not sitting idle as well. It has recently acquired stake in Jordan’s
Petra Airlines. The acquisition is a strategic move which would allow Air
Arabia to make Amman its 5th international hub. Petra Airline will
be rechristened as ‘Air Arabia Jordan’.
The new hub of operations will be the Queen Alia airport in Amman from
where the flights will reach to a number of destinations in Europe, North
Africa and Middle East.
Jordan is a country having a rich historical and cultural
heritage and a number of tourists visit there. Air Arabia will be able to not
just provide greater reach to the country and beyond for its own passengers but
will also help in uplifting the local economy with more job creations. Infusion
of capital through the equity route will also help in Air Arabia Jordan achieve
its short and long term goals.
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