Home » Investment in Middle East »

|| Low-cost Airlines in the Middle East

According to IATA, budget airlines account for 23% of the market in the U.S. and 27% in Europe, while in the Middle East they are estimated to have only 6%-8% of the market so far.

The concept is relatively new here: Air Arabia launched in 2003 as the first budget airline in the Middle East. These days more and more budget airlines are being established here. This year alone: three!

Apparently the barriers to entry are not that high: according to The Wall Street Journal (subscription required), One of the new players, Kang Pacific Airlines of Fujeirah in UAE, has started with $10 million in capital and one leased aircraft. (Fancying establishing an airline in a fast growing market, anyone?)

Here is a list of the current players:

Air Arabia
Jazeera Airways
Jupiter Airlines
Kang Pacific Airlines
Nas Air
Sama Airlines
RAK Airways

We are hearing of many new players lining up (Pluto Airlines, Arabjet, etc.). So stay tuned for more new names in the coming months …

Previous Post: Justin Timberlake in Abu Dhabi
Next Post: MTV Enters the Middle East

More from Investment in Middle East ...

  JPM, London fund invest $20 million in Dubai e-commerce firm (September 2012)

  Souq.com merges private shopping portal Sukar.com in its operations (April 2012)

  UAE early stage investor Saffar Holding to exit its investment in Zawya (April 2012)

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition (February 2012)

  Publicis Groupe acquired Dubai-based digital agency Flip Media (February 2012)

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise (December 2011)

  Middle East e-commerce website MarkaVIP raised $5 million (December 2011)

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner (July 2011)

  Naspers acquired stake in Dubai-based classified website (June 2011)

  Intel Acquires Egypt-based SySDSoft (March 2011)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2019 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter