Sharjah-based budget carrier Air Arabia is increasing its frequency to Kathmandu from 31 October.

The carrier will start operating two flights to the Nepali capital each day instead of the 12 flights a week it currently operates to Kathmandu.

Air Arabia has also launched operations from its third hub in Alexandria, Egypt starting on 1 June. It is also plans to launch Jordan’s first low-cost carrier in a joint venture with Jordanian investment firm Tantash Group (MEED 8:6:10).

Air Arabia made a net profit of AED50m ($13.6m) in the second quarter of 2010, a 44 per cent decline compared to the same period of last year.