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The delicate truce held through its seventh day after a 24-hour extension despite a shooting claimed by Hamas that killed three people in Jerusalem
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Nepal venture has $50m capital: Air Arabia
SHARJAH - Air Arabia, the Middle East's largest low-cost carrier, said yesterday its Nepali joint venture, Yeti Airlines International, has a capital of $50 million.
The first flight of Yeti Airlines, also known as FlyYeti.com, landed in Sharjah airport yesterday.
"We hold a majority stake in the company and have a management contract," Air Arabia's Chief Executive Adel Ali told Reuters, declining to be more specific.
Air Arabia's partner is Yeti Airlines of Nepal.
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