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AIG extended best wishes toAir Arabiaon it recent announcement of plans to establish Amman as its fourth base in the MENA region.
Commenting on this announcement, Mr. Curtis Grad, CEO of AIG said: “We are encouraged by Air Arabia’s decision, as it is a strong sign of market confidence and growth potential for QAIA in the regional air transport sector.”Mr. Grad added “The launch of Air Arabia’slow-cost carrier base in Amman will have positive impact on the local economy and stimulate anew segment of the market, making air travel accessible to the broader community.
Adel Ali, group CEO of Air Arabia said: “At a time when the global and regional economy continues to demonstrate strong signs of sustained recovery, we are confident of the long-term growth opportunities for the first low-cost carrier in the Kingdom, which will provide the high level of service, operational reliability and value-for-money fares that have become hallmarks of the Air Arabia brand.”
In addition, Air Arabia will soon launch new scheduled service to QAIA from its third, and newest, base located in Alexandriastarting 18’th of June 2010
Air Arabia, the first and largest low cost carrier in the region, is based in Sharjah, United Arab Emirates, operating scheduled services to 64 destinations around the world
The USD750 million rehabilitation and expansion works at QAIA are well underway, including the construction of a new state-of-the-art 100,000 square meter passenger terminal. AIG is a Jordanian company with private shareholding by Invest AD (Abu Dhabi, UAE), Noor Financial Investment Company (Kuwait), Edgo Group (Jordan), Joannou & Paraskevaides (Overseas) Limited (Cyprus), J&P-Avax (Greece) and Aéroports de Paris Management (France).