Air Arabia sets up low-cost carrier in Nepal to target India

Dubai: Aiming to tap markets across Indian subcontinent, South and Central Asia, UAE-based Air Arabia has announced to set up Nepal's first international low-cost carrier in Kathmandu.
This will provide Air Arabia with a platform from which to serve markets stretching across Indian subcontinent, South and Central Asia, the Far East, and Middle East.
The new carrier is expected to begin operations with inaugural flight taking off to Sharjah before the end of January, followed by operations to destinations in India, Doha and Kuala Lumpur.
This announcement follows the signing of a joint venture agreement between Air Arabia and Yeti Airlines and approval from Nepal Government's Department of Industries (DOI).
Under the agreement, Air Arabia and Yeti Airlines will jointly establish a new low-cost carrier, based in Kathmandu that will provide affordable service to a broad range of international destinations, a company statement said here.
14/01/08 PTI/Economic Times

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Categories: Foreign Jan 2008, Low Cost General Jan 2008, New Jan 2008