Air Arabia reported its first full-year loss on record after booking impairments for exposure to private equity firm Abraaj
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Abraaj Group
Air Arabia reports $83.5m in accumulated loss due to Abraaj exposure
Air Arabia said its ‘liquidity status and profitable operations remain intact’
Abraaj Group
Air Arabia lawsuit against Abraaj founder is ‘abuse of legal system’, says lawyer
Dr. Habib Al Mulla said the misdemeanour case filed by the airline is an attempt to exercise pressure in order to achieve gains it is not entitled to under the provisional liquidation proceedings
Abraaj
Air Arabia files lawsuit against Abraaj founder Arif Naqvi
Air Arabia said in June that it had an exposure of $336m to funds managed by Abraaj Group
Adel Ali
Air Arabia reports 8% increase in Q1 profit
Air Arabia said it carried over two million passengers in Q1, with an 80 percent load seat factor
Adel Ali
Air Arabia planning 100-jet deal for Airbus A320s or Boeing 737s
Air Arabia currently operates a fleet of 50 Airbus A320 jets
Adel Ali
Air Arabia doubles operations to Russian capital
Sharjah-based carrier will now operate flights four times a week to Sheremetyevo