We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 9 Jan 2009 07:02 AM

Font Size

- Aa +

Air Arabia CEO says expansion plan still on track

Airline chief reveals plan to increase fleet, says 2008 company results will be strong.

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.

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.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.