Petra Airlines eyes tie up with low-cost carrier in Europe

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Jordan’s Petra Airlines, which was this week granted approval to start operating scheduled passenger services from next March, is looking to tie up with a European low-cost carrier to operate flights from its base in Amman

Set up in 2005, the airline has been offering low-cost charter flights from the Jordanian capital Amman. It currently owns two Airbus A320 aircraft, with a third due to be added in early 2013.

“We have plans to operate five A320s by 2014 and have a schedule flight to most of the major cities in the MENA and GCC region, using Queen Alia International Airport-Amman as a hub,” Riad Khashman, CEO of Petra Airlines said in a statement.

Khashman added the carrier planned to increase its registered capital to US$70m in order to fund its expansion plans and has ambitions to partner with a major European low-cost carrier in a bid to boost its route network.

In a statement, the airline confirmed it was in talks “to contract one of the international aviation consultants to develop a comprehensive business plan and ultimately attracting a potential strategic partner in the LCC (low-cost carrier) sphere, mainly European low-cost carriers, to benefit from having a platform in the region. This would allow Petra Airlines to provide services to Europe, MENA and GCC under Jordan open sky policy.”

The carrier has previously operated charter flights to destinations including Armenia, Egypt, Italy, Saudi Arabia and Turkey.

In September, it was revealed Airport International Group (AIG), a consortium of investors redeveloping Jordan’s Queen Alia International Airport, was in talks with the budget carrier easyJet to expand its network to Amman.

“There are great opportunities for us to develop new routes from Europe to Amman, especially in the low-cost segment,” AIG’s CEO Kjeld Binger told Arabian Business.

EasyJet, Europe’s second-largest low-cost carrier, launched its three-times-a-week Gatwick-Amman service in March 2011. The London Luton Airport-based carrier has 19 bases in Europe and 16 in the UK, including Manchester, Liverpool and Birmingham.

AIG is spending US$850m on expanding the Amman-based airport and improving existing facilities under a 25-year build-operate-transfer agreement, which will boost capacity from 3m to 9m passengers per year.

The first phase of the project is expected to be completed by February 2013, with the second phase expected to be complete at the end of 2014.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
The great escape: JW Marriott Marquis Hotel Dubai

The great escape: JW Marriott Marquis Hotel Dubai

CEO Middle East checked into the JW Marriott Marquis Hotel Dubai...

2
Home from home: Ajman Saray

Home from home: Ajman Saray

Beatrice Thomas takes a trip to Ajman Saray to check out one...

Summer escape

Summer escape

Ras Al Khaimah is busy attempting to turn itself into a tourist...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew