low-cost carrier Jazeera Airways is expected to start flights to Egypt's
capital in May and post a profit this year, the firm's chairman said.
Airways, which posted a net loss of KD2.8m ($10.13m) in 2010, swung to net
profit of KD2m in the fourth quarter.
firm aims at posting profit in each quarter of 2011," chairman Marwan
Boodai said in an interview.
which aims to fly 82 routes in the Middle East within the next five years, won
approval this week from the Egyptian Civil Aviation Authority to start flights
to Cairo, a long-awaited move.
were deprived for years from operating flights to Cairo airport, which is
considered one of the most important regional destinations," Boodai said.
which competes with United Arab Emirates-based Air Arabia and
Dubai-based low cost carrier flydubai, is seeking approval from Saudi
authorities to operate flights within the kingdom.
the Shura Council, an advisory council, called for a study on allowing Gulf
airlines to fly domestic routes in the biggest Arab economy as its national
carrier struggles to meet demand.
Saudi Airlines and low-cost carrier Nationall Air Services serve a domestic
market of around 27 million people.
that the carrier eyed a market share of up to 15 percent in 2011, adding that
in 2012 the picture would change with Jazeera expanding its fleet.
last week that it would receive four new Airbus A320s between 2012 and 2014.
The firm has 11 A320s in operation.
back to normal operations in Egypt, Lebanon and Bahrain, despite political
unrest, Boodai said.
world has been rocked by a wave of pro-democracy protests which toppled Egypt's
and Tunisia's leaders and sparked demonstrations in Bahrain, Kuwait, Oman and
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