ArabianBusiness.com - Middle East Business News
Friday, 06 November 2009 18:00 UAE time

YOUR DIRECTORY /

| Share |

Air Arabia CEO says expansion plan still on track

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Friday, 09 January 2009
EXPANSION PLAN: Air Arabia will not cut its growth plans for 2009 in the light of the global slowdown, says its CEO. (Getty Images)

Low cost carrier Air Arabia's expansion plans will not be slowed by the global economic crisis, its CEO has revealed.

Adel Ali, chief executive officer, said that his company plans to increase the number of aircrafts operating in the UAE at an annual rate of four to five.

In an interview with CNBC Arabiya, Ali stressed that there would be no reduction in the expansion plans for Air Arabia as approved by the company in its five-year plan.

Story continues below
advertisement

These growth proposals 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 also announced that future flight bookings for the airline during the months of January and February 2009 were very good.

The company's financial results will be announced during the coming weeks, he added, saying Air Arabia was expected to announce good results for 2008, exceeding the previous year’s in terms of operations and passenger numbers.

Ali also predicted that the low-fare airline industry would perform very well in 2009, due to the global economic situation and the trend of cost-cutting.

The company's current fleet consists of 18 aircrafts and will increase to 22 aircrafts in 2009, he said, in addition to the 44 Airbuses entering service from mid-2010.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

more » MIDDLE EAST MARKETS DATA

AIRARABIA.DFM

Last Price:

1.07

-0.02-1.83%

5 Nov 2009 09:59 GMT
(Market Closed)

RELATED LINKS

  1. Air Arabia»

 EMAIL ALERTS

  1. Air Arabia

  2. Transportation


CURRENCY CONVERTOR

Tell us your story

READER COMMENTS

  1. The tipping scandal 12
    06 Nov ' 09 at 14:49
    We all know that the waiters and other staff in similar roles are very poorly paid. To then have management decide to take away part...   More  »
  2. 59% Dubai residents still to ride metro - poll 02
    06 Nov ' 09 at 11:28
    dan yu come from a country which is nice and cold with good weather where you can walk and breathe fresh air and take the metro.keep...   More  »
  3. Harvey Nicks CEO sees Dubai luxury market saturation 01
    06 Nov ' 09 at 09:00
    Joseph Wan is probably correct in his forecast that the Dubai market will be over saturated with 'high-end retail'.As far as which...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM