Etihad Airways was established in July by Emiri decree. It has a capital of AED 500 million ($136 million) and plans to acquire six aircraft in 2004.
Fleet expansion is planned by another new carrier, Dubai-based ExecuJet Middle East. It announced on 12 November plans to invest $48.5 million in acquiring two aircraft: a Bombardier Global Express, offering 16 seats; and a PilatusPC-12, with eight seats,are due to be delivered on 1 December to the chartered flight operator. At present, ExecuJet Middle East owns four aircraft.
You might also like...
UN votes to back Palestine's membership
10 May 2024
Aramco extends deadline for MGS package bids
10 May 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.