Air Arabia has bought a 49 per cent stake in Jordan’s Petra Airlines. Following the acquisition, the low-cost carrier will open a new international hub at Amman Queen Alia International Airport and Petra Airlines will be rebranded as Air Arabia Jordan.
Following the acquisition and the establishment of the new 'Air Arabia Jordan', operations is expected to commence in the first quarter of 2015. The newly established carrier, managed by Air Arabia, will follow the carrier's business model serving as Air Arabia's fifth hub in the Arab world. 'Air Arabia Jordan' will provide direct service to a range of destinations across the Europe, Middle East and North Africa region from Queen Alia International Airport.
"Partnering with an established airline like Petra Airlines provides this agreement with an advantageous position in terms of operational and commercial support, which will enable Air Arabia Jordan to reach its full potential in a shorter time span. We thank the local authorities and the Jordanian Ministry of Transport for granting all the support to launch this new project." said Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia. "The establishment of a new hub in Jordan extends Air Arabia's operational footprint into the heart of the Levant and brings us a step closer to achieving our stated goal of connecting the entire Arab world. This step willalso provide the Jordanian economy with a reagent for growth through direct contributions to the local economy".
Air Arabia Jordan will serve as Air Arabia's fifth hub and will follow the same proven value for money business model. Two Airbus A320 aircraft will initially be based at Amman Queen Alia International Airport and the fleet will grow as the business demands. Launch routes will be announced in the coming weeks.