Sharjah carrier Archives

In January, Air Arabia announced it had filed a misdemeanour case against Abraaj founder Arif Naqvi. The move followed earlier arbitration proceedings that took place in July.

Abraaj Group

Air Arabia reports $83.5m in accumulated loss due to Abraaj exposure

Written by Bernd Debusmann Jr

Thu 14 Feb 2019Wed 6 Oct 2021

Air Arabia said its ‘liquidity status and profitable operations remain intact’

Al Mulla said the lawsuit regarding the airline’s outstanding investments with the private equity firm came as a surprise given the parties had been negotiating an “amicable settlement.”

Abraaj Group

Air Arabia lawsuit against Abraaj founder is ‘abuse of legal system’, says lawyer

Written by Staff Writer

Mon 21 Jan 2019Wed 6 Oct 2021

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

Air Arabia said that the court filing follows earlier arbitration proceedings that took place in July.

Abraaj

Air Arabia files lawsuit against Abraaj founder Arif Naqvi

Written by Bernd Debusmann Jr

Thu 17 Jan 2019Wed 6 Oct 2021

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

Written by Staff Writer

Thu 10 May 2018Thu 7 Oct 2021

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

Written by Staff Writer

Tue 6 Mar 2018Thu 7 Oct 2021

Air Arabia currently operates a fleet of 50 Airbus A320 jets

The inaugural flight to Moscow’s Sheremetyevo International Airport landed on Thursday, 1 February.

Adel Ali

Air Arabia doubles operations to Russian capital

Written by Staff Writer

Sun 4 Feb 2018Thu 7 Oct 2021

Sharjah-based carrier will now operate flights four times a week to Sheremetyevo