Business | Aviation
Air Arabia to increase in aircrafts operating in the UAE
Air Arabia has revealed plans to increase the number of aircrafts operating in the UAE at an annual rate of four to five. Adel Ali, Chief Executive Officer, stressed that there is no reduction in the expansion plans for Air Arabia as approved by the company in its five-year plan.
- Staff Report
- Published: 15:19 January 8, 2009
Dubai: Air Arabia has revealed plans to increase the number of aircrafts operating in the UAE at an annual rate of four to five. Adel Ali, Chief Executive Officer, stressed that there is no reduction in the expansion plans for Air Arabia as approved by the company in its five-year plan.
These expansion plans include four new planes to enter service into 2009 and the opening of a major station for the company in Casablanca, Morocco to transfer passengers to Europe and Africa.
Ali disclosed that future flight bookings for the airline during the months of January and February 2009 are very good.
The company's financial results will be announced during the coming weeks. Air Arabia is expected to announce good results for 2008, exceeding the previous years in terms of operations and passenger numbers.
Ali also predicted that the low-fare airline industry will perform very well in 2009, due to the global economic situation and the trend of cost-cutting.
These factors supplement the positive impact of lower fuel prices and the diverse range of nationalities living in the UAE leading to a continued increase in the number of passengers travelling.
He added that the company's current fleet consists of 18 aircrafts and will increase to 22 aircrafts in 2009, in addition to the 44 Airbuses entering service from mid-2010.
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