Sunday 13 July 2014
 
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low-cost

Egypt allocates $1.44bn for low-cost housing

Egypt's central bank has said that it would allocate 10 billion Egyptian pounds ($1.44 billion) for low-cost housing projects, one of the demands in protests that led to the ouster of autocratic President Hosni Mubarak in 2011.

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Flydubai hit by high fuel costs

Budget carrier flydubai, which does not hedge its fuel costs, is being hit by persistently high oil prices which have left it more exposed to short-term volatility than rival carriers, its chief executive said. High fuel prices have crimpe

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British low-cost airline revenues grow 23pc

British low-cost airline easyJet said third-quarter revenues grew almost a quarter, helped by an uplift in the number of business travellers flying with the carrier. The Luton, southern England-based airline yesterday said revenues for the

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Sama lays off staff as funding talks fail

Troubled low-cost Saudi carrier Sama on Saturday told its staff that most of them will have to be laid off immediately after talks with the government failed to yield a commitment to support the loss-making company. The private firm suspen

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Air Arabia plans Jordan venture

UAE-based budget airline Air Arabia has signed a joint venture agreement with Jordan's Tantash Group to launch a new low-cost carrier based in Amman, it said on Monday. Arabia Jordan will be Jordan's first low-cost carrier and, bas

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Air Arabia CEO wins top honours

The group chief executive officer of Air Arabia, the Mena’s first and largest low-cost carrier, has been named 'Airline CEO of the Year' by Aviation Business magazine, the leading industry title in the Middle East. Adel Ali receive

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Jazeera eyes Mideast budget carrier buy

Kuwait's low-cost carrier Jazeera Airways, which expects consolidation among Middle Eastern budget airlines, is on the prowl for acquisitions, its chief executive said on Monday. Stefan Pichler, speaking on the sidelines of a conferenc

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Air Arabia offers low winter fares

Air Arabia, a leading low-cost carrier in Mena, has unveiled new low fares during the winter season to all 46 destinations from its hub in Sharjah. These low fares come with the additional benefit of free baggage allowance of up to 32 kg a

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Flydubai launches Aleppo flights

Flydubai, Dubai’s first low cost airline, added Aleppo to its list of operational destinations this morning when its inaugural flight touched down in Syria’s second largest city. Flight FZ223 took off from Dubai International Airport at 08

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Xerox launches 2 new low-cost printers

Xerox Corporation, the leading document management technology and services enterprise, has launched two new, affordable multifunction printers (MFP) packed with advanced features. Starting at $399 the Xerox WorkCentre 3210 and WorkCentre 3

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