National airline Air Algerie has raised its market share to 51.5% in 2014 under a the company's five-year plan, its chief executive officer Mohamed Salah Boultif said, adding that the rate is expected to reach 52% next year.
Air Algerie, which intends to further step up its market share in the future, is due to turnover DZD70 billion in 2014 against DZD69.5 billion in 2013 and DZD65.5 billion in 2012, said Boultif at El Moudjahid Forum.
He announced that several subsidiaries will be created as part of the restructuring of the airline, including the low cost, to be launched if the government decides to open the airspace.
Air Algerie is preparing for the launch of three new subsidiaries in 2015 for the freight, land services and maintenance, said the airline's CEO.
In addition, company seeks to strengthen its fleet, made up of 43 aircrafts, through the purchase of 16 other airplanes.
A 70-seat commuter liner will be delivered to Air Algerie in December while three 250-seat Airbus A330 aircrafts will be delivered during the first half of 2015.