SHARJAH – Air Arabia will establish a new hub in the Nepalese capital, Kathmandu, providing the LCC with a platform from which to serve markets stretching across South and Central Asia, the Far East, Middle East and Indian Subcontinent.
The announcement follows the signing of a joint venture agreement between Air Arabia and Yeti Airlines, the market leader in domestic air travel in Nepal, and approval from the Nepalese government.
Under the terms of the agreement, Air Arabia, a major shareholder in the new company, will apply its low-cost business model to the management of Nepal’s first international LCC.
The new carrier is expected to begin operations before the end of January followed by operations to selected destinations in India as well as to Doha and Kuala Lumpur.
“This is an enormously significant agreement for Air Arabia, and an extremely timely one,” said Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia.
“As we set our sights on global expansion, we remain focused on youthful, fast-growing markets where the opportunities for growth are greatest.”
