Air Arabia marks 7th anniversary with aircraft delivery

25/10/2010 - Dubai Investment News
Air Arabia marks 7th anniversary with aircraft delivery

Posted by Neil King

Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, has taken delivery of the first of 44 A320 aircraft ordered in 2007 and 2008.

The airline, which celebrates its seventh anniversary this month, received the new aircraft during a signing ceremony that took place on October 22nd at the Airbus facility in Hamburg, Germany.

In a statement, Air Arabia also confirmed that the delivery of all 44 aircraft will take place between 2010 and 2016 and will more than double the size of its existing fleet of 23 aircraft in line with its aim to increase its total operating fleet to over 50 aircraft by 2016.

"Our aim to become one of the world's leading airlines in terms of profit margin, innovation, reputation, and operational excellence has taken a step closer to reality with today's delivery of our first of 44 Airbus A320 aircraft," commented Sheikh Abdullah Bin Mohammed Al Than, chairman at Air Arabia.

"As we receive more aircraft in the months to come, we will expand our network to further expand our operations in Europe, the Middle East and North Africa."

Air Arabia, which is listed on the Dubai Financial Market, serves 65 routes from three hubs in the UAE, Morocco and Egypt.