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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
16/12/2025
Air Arabia has launched daily non-stop flights between Sharjah and Munich, opening its first direct connection to Germany from its home hub in the UAE.
The service began on December 15 and i
Gulfnews
01/12/2025
Air Arabia has inaugurated its daily nonstop service between Sharjah and Krabi, providing a direct connection between the UAE and the coastal Thai city.
The inaugural flight departed from Sh
Trade Arabia
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
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27/01/2026
Kuwait Telecommunications Company - stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced that it has wo
Kuwait Times
27/01/2026
QIIB has reported a 7.2% year-on-year increase in net profit to QR1.35bn in 2025 and recommended a total 53% dividend.
Earnings-per-share (EPS) increased to QR 0.82 in 2025, reflecting the l
Gulf Times
27/01/2026
QNB Group, the Lead Sponsor and strategic partner of Web Summit Qatar 2026, is reaffirming its position as a driving force behind the country's digital transformation journey.
By uniting dec
Gulf Times
27/01/2026
Al Habtoor Group said it will move forward with legal action against Lebanon after years of unresolved investment disputes and mounting losses of $1.7 billon linked to banking restrictions and state
Arab News
27/01/2026
Commercial Bank, the first bank in the market to introduce digital account opening, has further strengthened its leadership in innovation with the launch of its newly enhanced Corporate Digital Accou
The Peninsula
Financial Information Co.
Saudi Arabia