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Petra Airlines

Petra Airlines

Petra Airlines of Jordan has obtained its AOC from Jordan CAA to operate as a schedule operator with an aim to be the first Low-Cost Carrier in Jordan. The company operated the last two years a charter flights and has fulfilled all the technical and economic requirements to be a schedule operator. Mr. Riad Khashman (CEO) announced on Saturday that Petra Airlines has completed the first phase of operation successfully and hope to expand for the next phase as the first LCC in Jordan. We have gained experience and positioned our brand in the regional market while gaining the consumers and Stakeholders confidence. The company currently owns and operates 2 A-320. The third A-320 will join the fleet early 2013 and the first Schedule flight will launch in March 2013. We have plans to operate 5 A-320s by 2014 and have a schedule flight to most of the major Cities in the MENA and GCC Region using Queen Ali Int'l Airport- Amman as a hub. Petra Airlines also announced a plan to increase its register Capital to reach 70 M US$. Also in talks to contract one of the Int'l Aviation consultants to develop a comprehensive business plan and ultimately attracting a potential strategic partner in the LCC sphere, Mainly European low-Cost Carriers, to benefit from having a platform in the region. This would allow Petra Airlines to provide services to Europe, MENA and GCC under Jordan open sky policy.

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About Petra Airlines

Estimated Revenue

$50M-$100M

Employees

251-1K

Category

Sector

Industrials

Industry Group

Transportation

Industry

Transportation

SIC Code

45

NAICs Code

48

Location

City

Amman

State

Amman

Country

Jordan

Tech Stack (0)

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