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- QIA, Blue Owl Capital enter agreement to establish digital Infrastructure partnership
- Zain Bahrain launches first phase of flagship accelerator programme
- Gold price in Qatari market increases by 1.36% this week
- Bahri Chemicals seals contract of affreightment with Luberef
- stc, Huawei launch 1st service-driven network intelligent optimization platform in central region
- Saudi Market Seen Drawing Billions as Foreign Ownership Cap Nears Shift
- Oil Pulls Back from Seven-week High
- Adnoc's XRG acquires 11.7% stake in US Rio Grande LNG project
- Dubai ranked among world's top four fintech hubs in global index
- Kuwait's economy set to grow 2.6% in 2025: IMF
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
14/08/2025
UAE low-cost carrier Air Arabia reported a net profit of Dh415 million for the second quarter of 2025, supported by strong passenger demand and network expansion.
The April-June earnings fi
Gulfnews
30/07/2025
Air Arabia, the Middle East and North Africa's first and largest low-cost carrier (LCC) operator, announced the expansion of its flight services to Bangkok, Thailand with the addition of a third dail
Gulfnews
21/07/2025
Sharjah budget carrier Air Arabia has announced that its consortium comprising Saudi entities Nesma Group and KUN Holding has won approval from the General Authority of Civil Aviation (GACA) for the
Trade Arabia
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26/09/2025
Zain Bahrain, a leading telecommunications and technology industry innovator in the kingdom, has officially launched its flagship startup accelerator programme, Zain Great Idea (ZGI), in Bahrain.
Trade Arabia
26/09/2025
Bahri, a global leader in logistics and transportation, has signed its first contract of affreightment (COA) with Luberef through its business unit, Bahri Chemicals, thus marking the beginning of a s
Trade Arabia
26/09/2025
stc group, a leading digital enabler, has teamed up with Huawei Technologies Co., Ltd. to deliver the first-ever Service-Driven Intelligent Optimization Platform in the Central Region of Saudi Arabia
Saudi Gazette
26/09/2025
Adnoc's international gas subsidiary, XRG P.J.S.C., has completed the acquisition of an 11.7% equity stake in Phase 1 of the Rio Grande LNG project in Brownsville, Texas.
The deal, first ann
Gulfnews
25/09/2025
Mekdam Holding Group has bagged a contract from Qatar Fertiliser Company (QAFCO) to execute a strategic contract valued at QR203.9mn.
The contract covers the supply of Tier-1 manpower to sup
Gulf Times
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