 Air Arabia to launch Morocco hub by May 2009
United Arab Emirates-based low-cost regional airline Air Arabia is planning to launch its Morocco hub by May 2009, reported Reuters.
According to the news source, with a current fleet of 16 A320 aircraft, the airline has placed an order for 44 additional A320s from Airbus.
The news source quoted Air Arabia's CEO Adel Ali as saying that the airline was waiting for the market conditions to recover in order to go ahead with the financing required to buy the 44 aircraft. Mr Ali said that it may take five years for the aircraft to be delivered. Each of the aircraft is reportedly worth approximately $55 million.
Mr Ali said: "We have aircraft delivered, ready to go to Morocco and operate. As soon as the logistics are sorted out we will be ready to operate and it should not be long. The aim is to have about 25 aircraft flying out of the Moroccan city to at least 60 destinations in Europe and Africa within five years."
Source:logistics-business-review.com | 
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