Lakson Group and Air Arabia Group have announced their decision to form of a joint venture to launch “Fly Jinnah”, Pakistan’s new airline. The proposed JV will see the establishment of a low-cost passenger airline serving domestic and international routes from Pakistan.
“Fly Jinnah” will serve Pakistan’s travel and tourism sector and will play a constructive role in contributing to the nation’s economic growth.” says Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia.
“Fly Jinnah” will initially be based in Karachi serving a range of domestic routes across Pakistan and will then expand its route network internationally. The new carrier will follow the low-cost business model and provide its customer base with a reliable operation and value-driven product.
Work on securing the Air Operating Certificate (AOC), which allows the airline to start operating, will commence shortly. More details about the launch date, fleet and destination network will be announced in due course.
According to IATA, the air transport industry, including airlines and its supply chain along with the tourism spend are estimated to support US$3.3 billion of GDP in Pakistan. In total, 1% of the country’s GDP is supported by inputs to the air transport sector and foreign tourists arriving by air.