The recently announced low-cost airline formed by Egypt's Travco Group and UAE-based Air Arabia may launch operations by the end of 2009 from as many as five Egyptian airports, Travco's chief executive has said. The new airline, Air Arabia Egypt, will seek Egyptian government permission to use airports at Cairo, Alexandria, Luxor, Hurghada and Sharm el-Sheikh. The company will lease aircraft from Air Arabia or other sources, he said.