UK inks air deal with Montenegro, Kosovo

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Air Arabia to set up Armenian carrier

UAE-based low-cost carrier Air Arabia is partnering with the Armenian National Interests Fund (ANIF) to launch a new national airline in the southern Caucasian country, adding to a glut of airline launches around the world during the coronavirus pandemic. The two partners are setting up a new joint venture that will operate as a low cost airline using Yerevan’s Zvartnots International Airport as its base. A deal was signed in Yerevan on July 14, witnessed by Armenian Prime Minister Tigran Avinyan and Air Arabia Chairman Sheikh Abdullah Bin Mohammed Al-Thani. ANIF is the government’s foreign direct investment fund. The name of the new carrier has not yet been decided on, but Armenians have been invited to submit ideas by a deadline of August 14. Other details including a launch date, the makeup of the fleet, the destination network and the shareholding structure have also yet to be announced. Air Arabia was set up in 2003 and flies from the UAE emirates of Sharjah and Ras al Khaimah. Over the years it has set up a number of offshoots, including Air Arabia Maroc, Air Arabia Egypt and, most recently, Air Arabia Abu Dhabi, which launched in July 2020. It has also been linked to a possible move into the Algerian market. As with the new Armenian venture, these have all been set up with other investors. Armenia’s local aviation sector is currently very limited. There are five airlines but all of them are small and serve a limited range of nearby countries. Larger international carriers also fly in to Zvartnots, including Air Arabia itself, as well as FlyDubai, Russia’s S7 Airlines and Qatar Airways.
Source: Forbes

UK inks air deal with Montenegro, Kosovo

NEWS FLASH

The United Kingdom has announced that it has signed bilateral air agreements with both Montenegro and Kosovo that will allow uninterrupted air services after Brexit. "These new arrangements, which have been concluded with nine countries around the world, are proof that the UK will continue to be a major player on the world stage after we leave the EU", UK Transport Secretary, Chris Grayling, said. The government noted the deal was to replace the current framework under EU regulation. The UK has also struck agreements with Albania, Georgia, Iceland, Israel, Morocco, Switzerland and the United States, but is yet to finalise deals with other countries from the former Yugoslavia. The United Kingdom is due to leave the European Union on March 30, 2019.

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Anonymous17:02
How on earth are they going to manage to sign new bilaterals with so many countries in 3 months?
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anonymous!07:34
Brexit won't happen!
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UK inks air deal with Montenegro, Kosovo

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