Air Arabia announces acquisition of up to 49 A320 aircraft

Air Arabia (PJSC), the first and largest low-cost carrier (LCC) in the Middle East and North Africa, announced today that it has signed an agreement with Airbus for the acquisition of up to 49 A320 aircraft. The carrier has signed a firm contract for 34 Airbus A320 aircraft with an option for 15 more. The Sharjah-based airline, which made the announcement during the Dubai Air Show, has yet to specify the engines to be installed on its new fleet.
The deal, whose total book value approaches US$3.5 billion at list prices, will more than triple the size of Air Arabia’s fleet, and underlines its stated ambition to increase its total operating fleet to over 50 aircraft by 2015 and become a world-leading airline.
Air Arabia already operates 11 leased A320s, and serves a network of 37 destinations across the Middle East, North Africa, Indian Subcontinent and Central Asia. Launched in 2003 and based in Sharjah, Air Arabia has served more than 5 million passengers over the past four years.
12/11/07 Al-Bawaba, Jordan

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Categories: Dubai Airshow 2007, Foreign Nov 2007