CAPA > Aviation News > TUI Travel PLC signs letter of intent with Royal Air Maroc covering Jet4You ownership

TUI Travel PLC signed (08-Jul-2010) a LoI with Royal Air Maroc for RAM to take a majority stake in Jet4You, TUI Travel's Moroccan LCC. Jet4You operates services between Morocco and European cities, in addition to charter services predominantly to France and Belgium. The intention of any transaction is to build on the Jet4You market position as a low-cost hybrid carrier and its independent profile. [more]

---

You may also be interested in the following articles...

• Jazeera Airways and Air Arabia stick to their models and report double-digit increases in profits
  11-May-2012

  Business is booming for LCCs in the Middle East. The two oldest low-cost airlines in the region – Air Arabia and Jazeera Airways – have both reported profitable first quarters, as the regional political environment cools and oil prices begin to trend back from their highs earlier in the year.

  Both airlines have positive outlooks for this year. Jazeera Airways just reported its seventh consecutive quarterly profit – a record run of profitability for the airline – and aims to continue the success with its new strategic management plan (STAMP). Air Arabia achieved a double-digit increase in profit during the first quarter and the carrier plans to continue to enter new markets and launch new business ventures this year.

• The Middle East continues powerfully on thanks to the Gulf carriers, despite some setbacks
  16-Apr-2012

  The Gulf carriers continued to go from strength to strength in 2011; Etihad made its first (narrow) profit and Emirates again returned the strongest result of any airline globally, even though it was substantially affected by increased fuel prices.

  The three major sixth freedom hubs in the Middle East – Abu Dhabi, Doha and Dubai – added 7.7 million passengers between them in 2011, continuing strong growth, despite the regional disruptions. Much of this is testament to the strength of the home carriers, the industry-aligned development policies pursued at each airport and the vision of local governments to transform their cities into major aviation centres. (The contrast with European governments is extreme, as they meanwhile continue to see the sector as a taxation target, to the great detriment of the industry there.)