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An investment company plans to launch the third low-cost carrier in the United Arab Emirates in 2010, a newspaper reported on Sunday, quoting unnamed aviation sources. The airline, which will be based in the capital and flying out of Abu Dhabi, will start operating in mid-2010, daily al-Khaleej said. The newspaper did not identify the investment company.
The new budget carrier will face growing competition from two UAE low-cost carriers, Air Arabia and flydubai, as well as a number of regional operators. Kuwait's Jazeera Airways said on Wednesday it was cutting services on certain routes to weather difficult times with no improvement in sight next year.

Copyright Reuters, 2009

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