Pakistan’s Lakson Group has joined hands with Air Arabia Group, the region’s low-cost carrier based in Sharjah, to launch its new budget airline, Fly Jinnah. The proposed JV will see the establishment of a low-cost passenger airline serving domestic and international routes from Pakistan, said the statement from Lakson.
Fly Jinnah will serve the strategic vision of Pakistan’s travel and tourism sector and contribute to the country’s economic growth and job creation, while providing Pakistanis with reliable and value for money air travel, it stated.
“Fly Jinnah” will initially be based in Karachi serving a range of domestic routes across Pakistan and then will 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, it added.
Air Jinnah will be latest entrant in Pakistan’s growing aviation market after SereneAir and Air Sial. Alvir Airways also secured a license to operate domestic flights. Pakistan International Airlines is the only listed carrier in the country while airblue is the oldest active airline in the private sector.
Chairman Iqbal Ali Lakhani said: “We are excited to partner with Air Arabia in launching Pakistan’s new low-cost carrier. “Fly Jinnah” will serve Pakistan’s travel and tourism sector and will play a constructive role in contributing to the nation’s economic growth.”
“This partnership also reflects our commitment to support the development of Pakistan’s air transport sector while providing the citizens and visitors of the country with a new option of value for money air travel. Air Arabia enjoys a track-record of reliable and efficient operations, and we look forward to working closely towards launching and developing the new airline,” he added.
Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, said: “We are delighted at Air Arabia Group to partner with Lakson Group on this joint venture to launch Pakistan’s new low-cost carrier.”
“We are confident that “Fly Jinnah” will add value to the air transport sector of Pakistan and directly contribute to the local economy through job creation and the development of travel and tourism sector,” he added.