Wednesday, December 20, 20062 comments
It appears that Royal Jordanian is on the up and up. The airline was recently awarded the prestigious CAPA Airline Turnaround of the Year in 2006, beating other very strong contenders such as Emirates, Cathy Pacific Gulf Air, Etihad Airways, Egypt Air and many more airlines across Asia.
Royal Jordanian has turned its $12.6 million loss in 2003 to a profitable $24.2 million in 2004 and $30.5 million in 2005. The airline continues to profit since its transformation from a governmental company into a shareholding company.
Royal Jordanian also has been making upgrades to its current 25-aircraft fleet, including the overhauling and remodeling of various aircraft. The airline has also place a contract for the acquisition of 7 new Brazilian-made Embraer E195 jets (which Royal Jordanian has already begun to introduce in its ad campaign), which should bring the fleet total to 35 over the next 3 years.