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Morocco Property Investment Specialist

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Morocco Property Report

Low-cost carriers new air hub welcomed by Morocco property buyers

Posted in Property News by Colin Timms Wednesday September 17, 2008

Low-cost airline Air Arabia based in Sharjah in the United Arab Emirates are reported to be expanding their operations by launching a hub in Morocco.

Morocco property to get low-cost boost

According to the Khaleej Times, the new hub will be in Morocco’s capital, Rabat and is scheduled to commence operations in the first quarter of 2009.

Air Arabia say that the new hub represents an ideal opportunity to reach the fast-growing markets in North Africa and across the Mediterranean into Europe.

It is understood that the airline has placed an order for 49 new Airbus A320 aircraft to replace its current fleet of 10 A320s. Air Arabia’s CEO, Adel Ali is quoted as saying, “we might need more A320s for the new hub in Rabat which will require its own fleet”.

Modelled on leading European and American low-cost carriers, the airline has been in operation since 2003. Air Arabia is the largest low-cost operator in the Middle East and North Africa.

It is hoped that the airline will eventually open routes to both Britain and Ireland where the demand for low-cost air fares is being fuelled by the ever-increasing numbers of investors who are purchasing Morocco property.