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FINANCIAL NEWS
Licensing slows down Air Arabia expansion
25 Jan 2011
(MENAFN) Air Arabia CEO said that plans for the Sharjah-based airline expansion in the Arab region are being held back by foreign ownership rules in targeted countries, reported The National.
The CEO said that the carrier planned an addition of around twenty new hubs in the MENA region thus elevating the carrier to the scale of European budget giants easyJet and Ryanair.
He said that the European experience was successful due to EU countries adopting unified policies and regulations, thus boosting expansion in different countries.
It is worth noting that air Arabia currently has operations in the UAE, Morocco and Egypt, with a fourth hub, in Jordan, scheduled to operate this year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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