Dubai Government to increase capital of its low-cost carrier

UAE Vice President and Prime Minister, ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has enacted a law requiring the government of the emirate to increase financial resources from 220 million to 500 million dirhams (US $ 136.1 million) of the Dubai low-cost airline FlyDubai.

FlyDubai is currently a major competitor to other low cost airlines, including Air Arabia from the Emirate of Sharjah and Jazeera Airways from Kuwait. "We will do our best to ensure that FlyDubai continues to expand and strengthen its position in the market, which is fully consistent with our development strategy. Our main goal is to continue and improve our work after the first and successful year in the market," said Gate al-Gate , CEO of FlyDubai.

Recall that FlyDubai is the first and so far the only low-cost airline in the emirate of Dubai, formed March 19, 2008. In June 2009, he began operating his first commercial flights. Currently, the airline's fleet consists of eight new Boeing 737-800 NG passenger aircraft. FlyDubai airliners operate flights in 17 directions, four more new destinations will be launched in late summer.

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