Will Arkia go low-cost?17 March 2007
Arkia Airlines Ltd. is considering a $120 million investment to buy or lease four 70-100 seat jets with a range of 2,000 miles for flights to Cyprus and other regional destinations. The airline is examining CRJ 700 and CRJ 900 jets building by Canadaâ€™s Bombardier Inc. and Embraer 170 and 175, built by Brazilâ€™s Embraer-Empresa Brasileira De Aeronutica SA. Arkia initially plans to buy or lease two planes, followed by two more at a later date.
These planes use short runways, which means that they can operate out of Tel Avivâ€™s Sde Dov Airport. Arkia is planning several flights per day, including to Cyprus, where it began to fly at the beginning of March.