Mumbai: Air Arabia is evaluating an investment opportunity in Bengaluru-based upcoming regional airline FlyEasy, say sources.
The latter airline is expected to begin operations with two or three Embraer E-190 jets and is awaiting a permit from the civil aviation regulator.
Air Arabia is Sharjah-based and operates 112 weekly flights to 13 destinations in India. It runs airlines in Egypt and Morocco. Earlier this year, it acquired 49 per cent in Petra Airlines of Jordan.
Sources say Air Arabia has been exploring investment opportunities in new Indian airlines. Growth in domestic traffic and ability to feed passengers to a network are seen as triggers for investment. About 70 per cent of Air Arabia passengers from India fly to Sharjah and the rest travel onwards to other Gulf states and Russia.
07/11/15 Business Standard
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The latter airline is expected to begin operations with two or three Embraer E-190 jets and is awaiting a permit from the civil aviation regulator.
Air Arabia is Sharjah-based and operates 112 weekly flights to 13 destinations in India. It runs airlines in Egypt and Morocco. Earlier this year, it acquired 49 per cent in Petra Airlines of Jordan.
Sources say Air Arabia has been exploring investment opportunities in new Indian airlines. Growth in domestic traffic and ability to feed passengers to a network are seen as triggers for investment. About 70 per cent of Air Arabia passengers from India fly to Sharjah and the rest travel onwards to other Gulf states and Russia.
07/11/15 Business Standard
