Air Arabia sticks to CFM LEAPs for its future Airbus fleet
Tag arabia
Q2 sees another record profit for Air Arabia
Mixed fortunes on the Arabian peninsula: whereas loss-making Oman Air announced a deep restructuring this week, Sharjah-based Air Arabia Group reported a record profit for Q2 on August 11. While this includes a one-off benefit, demand in the region has been…
Jazeera Airways eyes subsidiary in Saudi Arabia
Kuwaiti low-cost airline Jazeera Airways wants to establish a subsidiary in Saudi Arabia, which will be based in Dammam. The Board of Directors approved the plan during a meeting on March 12, the airline says in a key information disclosure. Saudi…
Saudi Arabia confirms launch of Riyadh Air with Tony Douglas as CEO
UPDATE – The Saudi Arabian Public Investment Fund (PIF) has officially announced it will launch a second national airline, Riyadh Air. The carrier will be chaired by former Etihad Airways CEO Tony Douglas and has ambitious growth plans with a fleet…
Air Arabia reports highest-ever profit
Air Arabia Group reported its highest-ever profit, ending 2022 with a net profit of AED 1.222 billion. This outperforms 2019 when the airline produced an AED 1.008 billion net profit. It confirms that the carrier has solidly left behind the…
Air Arabia Group almost doubles net profit in Q3
Air Arabia reported a record-high net profit for Q3. Notwithstanding the economic and geopolitical uncertainties, the carrier continued its strong form which was already evident in the first six months of 2022. Air Arabia Group almost doubles net profit in Q3.…