Etihad Aviation Group has signed a partnership deal with Air Arabia to launch Air Arabia Abu Dhabi Airline, a new low-cost carrier.
Etihad and Air Arabia will establish an independent joint venture company that will operate as a low-cost passenger airline with its hub in Abu Dhabi International Airport.
The new carrier will complement Etihad Airways’ services from Abu Dhabi and will cater to the growing low-cost travel market segment in the region.
Tony Douglas, Group Chief Executive Officer, Etihad Aviation Group said, “Abu Dhabi is a thriving cultural hub with a clear economic vision built on sustainability and diversification. With the emirate’s diverse attractions and hospitality offerings, travel and tourism play a vital role in the economic growth of the capital and the UAE. By partnering with Air Arabia and launching Abu Dhabi’s first low-cost carrier, we are serving this long-term vision.”
He further added, “This exciting partnership supports our transformation program and will offer our guests a new option for low-cost travel to and from Abu Dhabi, supplementing our own services. We look forward to the launch of the new airline in due course.”
Etihad is the flag carrier of the United Arab Emirates, while Air Arabia was the Middle East’s first low-cost carrier.
Adel Al Ali, Group Chief Executive Officer, Air Arabia said, “We are thrilled to partner with Etihad to establish Air Arabia Abu Dhabi that will further serve the growing low-cost travel segment locally and regionally while capitalizing on the expertise that Air Arabia and Etihad will be providing. This step demonstrates the strength of the UAE aviation sector and serves the vision driving its growth. We look forward to a successful partnership and the launch of the new carrier.”
Based in Abu Dhabi, the new company will adopt the low-cost business model.
Its board of directors, consisting of members nominated by Etihad and Air Arabia, will steer the company’s independent strategy and business mandate.
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