Government considering a raise to Royal Jordanian equity capital

RJ Flickr
(Photo: Jordan News)
AMMAN — Royal Jordanian CEO Samer Majali said on Tuesday that the government is studying a possible raise to RJ equity capital; a decision to that effect will be announced soon, according to Al Mamlaka TV.اضافة اعلان

Majali added that RJ seeks to translate King Abdullah’s vision of maintaining channels of communication with the outside world by expanding its destination network to reach the largest possible number of countries worldwide to promote outbound and inbound travel and incentivize tourism and investments.

“His Majesty the King and the government’s support to Royal Jordanian enabled the national carrier to begin its financial recovery in 2021, and since then there has been a significant improvement in revenues and a reduction in losses by more than 54 percent,” said Majali.

Majali added that work is in progress to increase outbound flights to 60 global destinations from the current 35, as well as to modernize and upgrade its fleet, adding that the number of aircraft, currently standing at 24, will be increased to 40 in the next five years.  Two aircraft, he noted, will be converted to solely economy class to increase passenger capacity.

Majali listed a few of the destinations that will be resumed or opened, including Switzerland, Copenhagen and additional flight’s to Toronto and Montreal.

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