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. Air...
Air Arabia plans to establish a new joint venture airline in Sudan, called Air Arabia Sudan. The airline has partnered with privately owned DAL Group to develop a low-cost carrier. It will announce details about its launch date and network at a later stage. Air Arabia...
Air Arabia and its subsidiaries produced a strong first six months of 2022, reporting a net profit and revenues that were tenfold those of the same period last year. Geopolitical issues and higher fuel costs had their effect, but the carrier still performed well....
Saudi Arabia’s long-term aviation vision has added a new chapter to its strategy book by announcing the establishment of a new aircraft leasing company, AviLease. The plan was announced on June 29 by the country’s Public Investment Fund (PIF), which oversees strategic...
Wizz Air is exploring options to establish a new subsidiary airline in Saudi Arabia. The ultra-low-cost airline has signed a Memorandum of Understanding with the country’s Ministry of Investment to “explore market development opportunities” in de Kingdom of Saudi...
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