PAKISTAN’S Lakson Group and the Middle Eastern budget carrier Air Arabia said on Friday (3) that they would launch a low-cost airline, serving domestic and international routes from Pakistan.
The new carrier, Fly Jinnah, will operate as a joint venture between the pair, they said in a statement, adopting the low-cost model operated by Air Arabia.
The statement said the new airline would help Pakistan’s travel and tourism sector and contribute to the country’s economic growth and job creation.
Air Arabia operates from Sharjah and Ras Al Khaimah in the United Arab Emirates and has similar joint ventures in Abu Dhabi, Egypt, Morocco and Armenia. Its shares are listed on the Dubai Financial Market.
The airline has been pushing ahead to expand in the wake of the coronavirus outbreak last year as low-cost carriers bet on a post-pandemic surge in travel.
The Karachi-headquartered Lakson Group has diversified businesses ranging from information technology to fast food restaurants.