Friday 3 July 2020

Air Arabia mulls $11bn aircraft order

SHARJAH, March 10, 2018

Air Arabia has unveiled plans to order 100 narrow-body planes at list prices before the end of the year, a deal estimated to be valued at $11 billion, said a report.

Air Arabia currently operates a fleet of 50 Airbus SE A320 jets and is looking at the upgraded Neo version, while also seriously considering Boeing Co.’s rival 737 Max, said a report in The National citing the airline's chief executive Adel Ali.

Bombardier Inc.’s C Series plane is also in the running as the carrier moves to renew its fleet after full-year profit jumped 29 per cent in 2017 to a record Dh631 million($171.7 million), the report said.

Tags: fleet | Expansion | aircraft | order | Arabia | Air |

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