Picture used for illustrative purpose only.
Air Arabia, the Sharjah-based low-cost carrier, on Monday set another milestone with one of the region’s largest single-aisle aircraft orders of the 120 Airbus A320 family aircraft, which was announced during the Dubai Airshow 2019, following a signing ceremony attended by Air Arabia’s Chairman, Sheikh Abdullah Bin Mohammed Al Thani, and CEO of Airbus, Guillaume Faury.
The deal, whose total book value exceeds $14 billion (list price), will more than triple Air Arabia’s current fleet strength, as well as support the carrier’s global network expansion strategy.
The new orders are for 73 A320neo, 27 A321neo and 20 A321XLR aircraft, all belonging to the A320 family. Delivery is scheduled to commence in 2024 and the Sharjah-based airline has yet to specify the engines to be installed on its new fleet.
Adel Al Ali, Group CEO of Air Arabia, said, "Air Arabia’s fleet growth strategy has always been driven by commercial demand and we are glad to announce one of the region’s largest single-aisle orders today, with Airbus to support our growth plans.
"This new milestone underpins not only our solid financial fundamentals but also the strength of our multi-hub growth strategy that we have adopted over the years while remaining focused on efficiency, performance and passenger experience."
Christian Scherer, Airbus Chief Commercial Officer, said, "We are delighted to expand our partnership with Air Arabia; this is a great endorsement for the A320neo family which will allow the airline to tap into new markets. We are committed to supporting the fast expansion of Air Arabia and the region."
Air Arabia’s current fleet consists of 54 Airbus A320 & A321neo-LR. While the A320neo builds on the A320 product line’s position as the world’s most advanced and fuel-efficient single-aisle aircraft family, the A321neo variant provides extended range for the A320neo family’s longest fuselage version.
Air Arabia is the first Middle Eastern airline to operate the A321neo-LR with three aircraft currently in service and another three scheduled to join the fleet in 2020.
The A321XLR further extends the single-aisle jetliner offer with service entry planned in 2023, making Air Arabia, again, one of the first owners of the aircraft.
The Government of Dubai Media Office said, “An accident involving a small plane with 4 passengers occurred resulting in the death of the pilot and his assistant. The relevant teams are on the scene.”
Sheikh Mohammed briefed on the preparations for the event including the facilities for exhibitors.
De Havilland Aircraft of Canada Limited announced on Monday during the Dubai Airshow that lessor Palma Holding (Palma) has signed a Letter of Intent to purchase 20 Dash 8-400 aircraft. The parties are working to finalize a purchase agreement.
Passengers travelling from countries where flights had been banned were allowed to transit through UAE airports from Aug.5 as long as they present a negative PCR test taken 72 hours prior to departure.
The 14th session of the Abu Dhabi-Singapore Joint Forum (ADSJF) was held in Abu Dhabi under the co-chairmanship and in attendance of Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, and S Iswaran, Singapore’s Minister-in-Charge of Trade Relations. The forum was also attended by Sarah Bint Yousef Al Amiri,
The Reserve Bank of India hiked its key repo rate by a quarter percentage point on Wednesday as expected but surprised markets by leaving the door open to more tightening, saying core inflation remained high. The central bank said that its policy stance remains focused on the withdrawal of accommodation, with four out of
In the presence of Sheikh Abdullah Bin Salem Bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), the sixth edition of the Sharjah Investment Forum (SIF) officially launched on Wednesday at Al Jawaher Reception
The Sharjah Investment Forum 2023 (SIF) hosted a panel session titled “Redefining Economies, Making Significant Strides For a Better Future” to engage in a thought-provoking discussion on the steps necessary to create a more equitable and sustainable future. The discussion explored the importance of investment in advanced