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- Zain Bahrain launches ultra fast EV chargers
- HUMAIN, Adobe to build AI models, applications to suit Middle East culture
- UAE's Space42, EDGE Group plan Satcom manufacturing alliance
- Baker Hughes awarded multi-year contract for Aramco projects
- Riyad Capital launches new $453m residential development fund
- Alkhorayef seals Saudi sewer networks development contract
- Dubai launches 22m sq ft auto market development project
- Kuwait economy to pick up growth momentum in 2026
- QSE to facilitate constructive dialogue with global institutional investors
- Dukhan Bank announces November winners in Thara'a savings account draw
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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21/11/2025
Zain Bahrain has unveiled 360kW ultra-fast EV chargers at the company's headquarters in Seef, the fastest of its kind in the kingdom, the company said.
The chargers feature advanced liquid-c
Trade Arabia
21/11/2025
Space42, the UAE's leading AI-powered SpaceTech company with global reach, and EDGE Group, one of the world's leading advanced technology and defence groups, today announced the formation of a strate
Trade Arabia
21/11/2025
Baker Hughes, an energy technology company, has announced that it has secured a multi-year contract with China Petroleum Engineering & Construction Corporation (CPECC) for a major project of Saudi oi
Trade Arabia
21/11/2025
Riyad Capital, one of the kingdom's largest asset managers and a leading company in real estate investment, has announced the launch of a new residential development fund valued at SAR1.7 billion ($4
Trade Arabia
21/11/2025
Saudi-based Alkhorayef Water and Power Technologies Company has announced that it has secured a contract worth SAR221 million ($59 million) from the National Water Company for sanitary sewer networks
Trade Arabia
Financial Information Co.
Saudi Arabia