Air Arabia announces plans for Initial Public Offering in Q1 2007 From: Al Bawaba | Date: January 22, 2007 | Copyright 2007 Al Bawaba. Provided by ProQuest LLC.Copyright information

Air Arabia, the Middle East's first low-cost carrier, announced today that it has applied to the UAE Ministry of Economy and relevant regulatory authorities for approval to launch an Initial Public Offering (IPO) in the first quarter of this year. The Sharjah-based airline, which began operations in October 2003, will become the first airline in the Gulf region to go public.

Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said: "We are extremely pleased to announce that ...

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