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- US govt shutdown sends airlines scrambling as travel chaos looms
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- Gold price in Qatari market decline by 0.40% this week
- Nasdaq Dubai welcomes Binghatti Holding's debut $500m Green Sukuk
- Adnoc Distribution invests $300m yearly in region
- IHC says no plans to sell stake in Aldar Properties
- Aramex resumes deliveries to Syria after ten-year pause
- Parkin posts record Q3, sees better full-year growth on strong revenues
- Qatari firm to invest $29.7 billion in Egypt coastal development
07/03/2018 05:52 AST
Air Arabia's expansion could see the biggest discount carrier in the Gulf and North Africa order 100 narrow-body planes worth $11 billion (Dh40.39 billion) at list prices before the end of the year.
The Sharjah-based airline hasn't yet reached a decision but the figure is "probably the right number," Chief Executive Officer Adel Ali said in an interview on Monday near New Delhi.
Air Arabia currently operates a fleet of 50 Airbus SE A320 jets and is looking at the upgraded Neo version, while also seriously considering Boeing Co.'s rival 737 Max, Ali said. Bombardier Inc.'s C Series plane is also in the running as the carrier moves to renew its fleet after full-year profit jumped 29 per cent in 2017 to a record Dh631 million ($171 million).
The discount carrier is rebounding from a period of overcapacity and lower yields in the Middle East as the low oil price weighed on Gulf economies and concerns about terrorism in North African nations hurt leisure demand.
Air Arabia carried 8.5 million people in 2017 and regards 7 per cent growth in passenger numbers this year as easily achievable, Ali told Bloomberg TV last month, identifying Morocco and Egypt as the markets improving fastest.
Existing fleet plans include the deployment of six A321neo planes to be leased from Air Lease Corp. starting in 2019. The carrier has specified long-range variants to help it add new routes.
Gulf News
05/11/2025
Air Arabia has inaugurated its first non-stop service between Ras Al Khaimah and Kazan, expanding connectivity between the UAE and Russia and marking another step in the airline's growing operations
WAM
29/10/2025
Air Arabia Abu Dhabi, the capital's first low-cost carrier,has celebrated the launch of its non-stop flights to Damascus, Syria, further expanding its growing network from Abu Dhabi and reinforcing i
Trade Arabia
20/10/2025
Italy's air safety regulator is investigating after an Air Arabia plane, soon after taking off from Catania Airport in Sicily, descended dangerously close to the Mediterranean Sea in what is being ca
Khaleej Times
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07/11/2025
In a new achievement that confirms its leadership in adopting the highest sustainability standards, National Bank of Kuwait building won the award of Best Financial Building as part of the GCC Excell
Kuwait Times
07/11/2025
Adnoc Distribution Chief Executive Officer Bader Al Lamki said the company earmarks between $250 million and $300 million annually to support organic growth across the three countries where it operat
Trade Arabia
07/11/2025
IHC, the Abu Dhabi headquartered global investment company focused on building dynamic value networks, on Thursday reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar P
Trade Arabia
07/11/2025
Aramex has resumed parcel and freight deliveries to Syria as of 15 September 2025, officially ending a suspension that lasted more than ten years. The move marks a major step in rebuilding trade rout
Gulfnews
07/11/2025
Parkin Company PJSC, Dubai's largest provider of paid public parking, reported record third-quarter results, with revenues up 43% year-on-year to Dh343.3 million, driven by higher tariffs, network ex
Gulfnews
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