||UNITED ARAB EMIRATES (UAE)
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||+971 6 558 0008
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ABZ-2013-10 - 10 YEARS
ABZ-2013-10 - TOP 15 AT SHARJAH
ABZ-2015-08 - Sharjah to Tabuk.jpg
ABZ-2015-12 - Sharjah to Urumqi.jpg
Established in 2003 by an Amiri decree issued by the ruler of Sharjah, Dr Sheikh Sultan Bin Mohamed Al Qassimi, to serve the Sharjah emirate. Started operations in 2003. Regional & international, scheduled, passenger, jet airplane services.
Sharjah International Airport
PO Box 132, Cargo Terminal
Sharjah, United Arab Emirates (UAE)
UNITED ARAB EMIRATES (UAE) (AL IMARAT AL-ARABIYA AL-MUTTAHIDA): POPULATION: 3.5 MILLION. A FEDERATION OF 7 SHEIKDOMS, UNDER BRITISH PROTECTION UNTIL 1971, THE (UAE) HAS ROCKETED IN A GENERATION FROM RURAL AND POOR, TO URBAN AND OIL-RICH. THE MEMBER STATES ARE ABU DHABI, AJMAN, DUBAI, FUJAIRAH, RAS-AL-KHAIMAH, SHARJAH, & UMM-AL-QIWAIN. A FAVORITE DESTINATION FOR TOURISTS TO THE ARABIAN PENINSULAR, THE (UAE) IS NOTABLE FOR ITS LARGE POPULATION OF GUEST EX-PATRIOT WORKERS, MANY FROM INDIA AND PAKISTAN, AND ITS GENERALLY PROGRESSIVE ATTITUDE TOWARD WOMEN. THE (UAE) COVERS AN AREA OF 83,600 SQ KM AND ITS CAPITAL CITY IS ABU DHABI. THE OFFICIAL LANGUAGE IS ARABIC. SEE ATTACHED - - "ABD-MAP."
August 2003: Air Arabia (ABZ) is based in the emirate of Sharjah. It markets itself as a full-service economy (Y)-class airline, the Middle East's 1st "no-frills" airline.
Parent organization/shareholders: Sharjah department of civil aviation (DCA) (60%); & Emirates Sharjah Airport Authority (40%).
6 orders (September 2003) A320-200's (CFM56-5A1) (112, ex-Air Malta (MLT); 371, ex-Skyservice (SKB), (ILF) 5 year leased. (ABZ) plans to replace these used A320 airplanes with new airplanes during 2004, depending on traffic and route network growth.
September 2003: In October 2003, Sharjah to Bahrain, Damascus, Doha, Manama, Muscat, Kuwait, Beirut, Shiraz, and Tehran with a point in Saudi Arabia to follow, along with Colombo and Khartoum.
A320-211 (112, A6-ABY), ex-Air Malta (MLT), (ILF) leased.
October 2003: Initial flight from Sharjah to Manama (55-minutes), hoping to cash in on the expatriate and guest-worker market. An initial schedule of 14x-weekly flights. Sharjah - Bahrain (3/week), Sharjah - Damascus (2x-weekly)/Kuwait City (3x-weekly), Sharjah - Beirut (2x-weekly)/Muscat (3x-weekly)/Tehran (2x-weekly).
A320-211 (371, A6-ABX) and A320-2114 (2158, A6-ABA), (ILF) leased.
March 2004: In April 2004, Sharjah to Khartoum (2/week).
Received 1st 2 of 3 A320's to be leased in 2004 with 3rd in 10/04.
June 2004: Sharjah - Damman, Jeddah, Riyadh (2/week).
August 2004: In November 2004, Sharjah - Sana'a (2/week).
October 2004: A320-21 (2278, A6-ABC), (ILF) 5 year leased.
July 2005: Air Arabia (ABZ) renewed its agreement with IntelSys Aviation Systems of America to continue providing the Internet-based amelia flight reservation, distribution and sales channel management system for a number of years.
September 2005: Air Arabia (ABZ) signed up for (SITA) INC's Flight Briefing Services package. (ABZ) is the 1st Low-Cost Carrier (LCC) to opt for the system, which emulates industry best practice for fuel and environmental management as recommended by (IATA) in its Fuel Action Plan.
October 2005: Air Arabia (ABZ) inaugurated nonstop service from Sharjah to Nagpur (India). (ABZ) operates 3x-weekly with an A320 departing Sharjah on Wednesdays, Fridays & Sundays and Nagpur on Mondays, Thursdays & Saturdays.
(ABZ) said it has carried >1.5 million passengers in the 2 years since it started operations and confirmed it will post a profit for the fiscal year ending December 31. "We are now a profitable airline and going to announce our audited financial results on the current financial year early next year," Marketing Manager Jyotsna Kaur Habibullah told "Gulf News." She added that (ABZ), the 1st and only (LCC) in the Middle East and North Africa, broke even at the end of its 1st year. (ABZ) commenced operations October 28, 2003, with 2 A320s and currently deploys 5 A320s to 21 destinations across the Middle East, Africa and South Asia. (ABZ) intends to add 4 new destinations in the next 2 months and +2 more A320s next year. Its business plan includes adding 2 leased airplanes each year.
November 2005: Air Arabia (ABZ) will launch 3x-weekly services from Sharjah to Amman on November 11; (ABZ) recently started 2x-weekly Sharjah - Aqaba service.
January 2006: Air Arabia (ABZ) will inaugurate service from Sharjah to Tehran on February 1st and operate 3x-weekly on Mondays, Wednesdays, & Fridays, with an A320.
March 2006: Air Arabia (ABZ) launched 3x-weekly Sharjah - Amman service on March 19.
Air Arabia (ABZ), which launched in October 2003, reported a 2005 net profit of +AED32.1 million/+$8.7 million as annual passenger numbers surged +122% to 1.13 million, and its network expanded by >half to 23 destinations. It recently took delivery of its 1st A320, increasing its fleet to 5 airplanes. +3 more A320s will arrive this year.
A320-214 (2712, A6-ABE), (CIT) Group (TCI) leased.
April 2006: Air Arabia (ABZ) will inaugurate nonstop service from Sharjah to Kochi on May 12th and operate 4 flights a week until May 19th at which point the service will become daily and operate with A320s. (ABZ) will inaugurate nonstop service from Sharjah to Jaipur on May 12th and operate a daily flight using its A320s. (ABZ) will launch 4x-weekly Sharjah - Kabul service from May 4 and fly A320s. (ABZ) will inaugurate nonstop service from Sharjah to Istanbul's Sabiha Gokcen International Airport on May 28th and operate 2x-weekly departing Sharjah on Thursday & Sunday evenings and Istanbul on Monday & Friday mornings and using an A320.
A320-214 (2764, A6-ABF), (CIT) Group (TCI) leased.
May 2006: Air Arabia (ABZ) inaugurated nonstop service from Sharjah to Kabul. The airline now operates 4x-weekly on Tuesdays, Thursdays, Fridays, & Sundays, using an A320.
June 2006: Air Arabia (ABZ) inaugurated nonstop service from Sharjah to Istanbul's Sabiha Gokçen Airport and operates 2x-weekly, departing Sharjah on Thursdays & Sundays, and Istanbul on Mondays & Fridays, using an A320. (ABZ) increased the frequency on its Sharjah to Mumbai route from 7 to 13 flights a week and operates every day except Mondays and uses an A320. (ABZ) will increase the frequency on its Sharjah to Kuwait route from 7x- to 10x-weekly on July 2nd and operate a 2nd flight on Tuesdays, Thursdays & Sundays; all flights will operate with A320s.
(ABZ) announced that Information Systems Associates, its joint venture with John Keells Holdings, developed a new reservation system dubbed AccelAero for low-cost airlines. According to the Arabian Air Carrier Association, the system provides selling channels through the Internet, travel agencies and call centers. (ABZ) is the launch customer.
July 2006: Air Arabia (ABZ) will boost its daily Bahrain - Sharjah service to 10x-weekly beginning July 29.
September 2006: Air Arabia (ABZ), which celebrates its 3rd anniversary this fall, achieved a break even financial result in its 1st year, made a profit in its second, and expects to do so again for its 3rd, (CEO) Adel Abdulla Ali told the World Low Cost Carriers (LCC) Conference in London. (ABZ) has a fleet of 7 A320s operating around 140 flights per week to >2 dozen cities in the Middle East, Turkey, Afghanistan, Iran and India. Ali said (ABZ) will add 3 airplanes before year end and a similar number in 2007. He expects to carry 2 million passengers next year, up from 1.5 million in 2006. (ABZ) is co-owned by Sharjah International Airport and the Sharjah (CAA).
(ABZ) filed an application with the Ministry for Culture, Tourism and Civil Aviation of Nepal (MCTCA) for permission to fly to Nepal. (ABZ) proposes to operate 7x-weekly from Sharjah to Kathmandu. (ABZ) temporarily suspended service from Sharjah to Kabul this month due to the recent escalation of military activities in Afghanistan. Flights are cancelled until further notice.
A320-214 (2930, AC-ABG), delivery.
November 2006: Air Arabia (ABZ) inaugurated non-stop service from Sharjah to Chennai and operates a daily flight using A320s. (ABZ) will inaugurate nonstop service from Sharjah to Thiruvananthapuram and operate a daily flight using A320s.
A320-214 (2964, A6-ABH), CIT Group (TCI) leased, delivery.
December 2006: Air Arabia (ABZ) inaugurated nonstop service from Sharjah to Latakia (Syria) and operate 2x-weekly, on Mondays & Thursdays returning via Aleppo (Syria), using an A320. (ABZ) doubled its service from Sharjah to Mumbai from 1 to 2 daily flights through January 31st because of heavy demand and are operated with an A320.
January 2007: Air Arabia (ABZ) applied to the (UAE) economic and regulatory authorities for approval to launch an Initial Public Offering (IPO) this quarter, becoming the first airline in the Gulf region to go public, according to the Arab Air Carriers Organization. (SHUAA) Capital of Dubai was appointed as the financial adviser.
February 2007: Air Arabia (ABZ) plans to invest $2 billion and replace its 9 leased A320s and add an additional 25 airplanes, the Arab Air Carriers Organization said. (ABZ) is negotiating with both Airbus (EDS) and Boeing (TBC). Last month, (ABZ) announced its intention to launch an Initial Public Offering (IPO) in the current quarter.
Starting April 3rd, Sharjah - Ahmedabad.
March 2007: Air Arabia (ABZ) reported a 2006 full-year profit of +AED101 million/+$27.5 million, >3x- the +AED31.3 million earned in 2005. Revenue soared +82% to AED749.2 million and passenger numbers grew +54% to 1.8 million. Load factor was 81.2% LF. (ABZ) has submitted its application to United Arab Emirates authorities to launch an Initial Public Offering (IPO) this quarter.
Later, (ABZ) launched its AED2.56 billion-dirham/$699 million initial public offering (IPO), the 1st share sale by an airline in the Middle East. (ABZ) began operations in October 2003, and is offering 55% of its capital, or 2.56bn shares, in the (IPO) to fund its fleet expansion plans. The shares are priced at one dirham each, with an offer cost of 0.02 dirhams, and are to be listed on the Dubai Financial Market. The 10-day offer, which closes on March 27, is open to all nationals, including individual and institutional investors. (ABZ) Chief Executive, Adel Ali said (ABZ) intends to use the proceeds from the (IPO) to raise the size of its fleet from 9 to at least 34 airplanes by 2016. “(ABZ) also aims to expand its scope of operations and invest in the infrastructure associated with the fleet expansion,” he said. Airlines in the Gulf region are expanding to benefit from high passenger and cargo growth rates driven by an economic boom fueled by 3 years of high oil prices. “The regional airline industry is witnessing robust growth,” Ali said. “According to Airbus (EDS), passenger traffic in the Middle East will grow at an annual rate of +7.1% through 2015, compared with a global average of +5.3%,” he added. Shares will be available to foreign nationals and both individual and institutional investors. (SHUAA) Capital is the lead manager, financial adviser and bookrunner. (ABZ) said Abraaj Capital has acquired a "strategic minority stake" through its Infrastructure and Growth Capital Fund.
(ABZ) launched 3x-weekly Sharjah - Karachi service and 2x-weekly Sharjah - Peshawar flights. Each service adds 1 frequency from April 3.
April 2007: Air Arabia (ABZ)'s 10-day Initial Public Offering (IPO) closed with approximately 40,000 subscribers buying up 2.57 billion shares representing 55% of the company's share capital. (ABZ) said the AED2.57 billion/$698.8 million offering was 150% oversubscribed and that share allocation will occur April 8, with refunds distributed April 11 and 14. Shares will be listed on the Dubai Financial Market. (ABZ) said it will use the proceeds for financing and to expand the size of its fleet from 9 to at least 34 airplanes by 2016.
June 2007: Air Arabia (ABZ) will launch 2x-weekly Sharjah - Chittagong flights. It is (ABZ)'s 36th destination and 1st in Bangladesh.
August 2007: Air Arabia (ABZ) reported net earnings of +AED115 million/+$31.3 million for the 1st half of 2006, >4x- greater than the +AED26 million reported in the year-ago semester. Revenue rose +67% to AED513 million as passenger boardings surged +57.9% to 1.2 million. 2nd-quarter profit was +AED71.7 million and passenger numbers during the 3 months ended June 30 increased +11.5% to 646,000. "(ABZ) has received acceptance and support from the market and our business has expanded rapidly," (CEO) Adel Ali said. "We intend to maintain our leadership in the low-cost-carrier market by continuing to serve the most routes in the Middle East and North Africa region at affordable fares." (ABZ) concluded a AED2.57 billion Initial Public Offering (IPO) in April. Foreigners are limited to holding 49% of the 4.66 billion shares, which are valued at AED1 each.
A320-214 (3218, A6-ABJ), RBS leased.
October 2007: Air Arabia (ABZ) launched 4x-weekly Sharjah - Bangalore service, becoming daily October 29. It also will increase 2x-weekly flights to Coimbatore, to 3x-weekly next month.
November 2007: Air Arabia (ABZ) reported 3rd-quarter net income of +AED165 million/+$44.9 million, >3x- the +AED48 million earned in the year-ago period, as revenue rose +65% to AED369 million on a +49% increase in passengers to 729,745. (ABZ) operated 9 A320s at the end of the quarter to 35 destinations, flying 1.3 billion (RPK)s traffic, against a capacity of 1.5 billion (ASK)s. Load factor was 92% LF. "Our record of profit and achievement has made us the Low Cost Carrier (LCC) of choice in the Middle East and North Africa, and we intend to maintain our momentum by continuing to offer what is best for our customers and investors," (CEO) Adel Ali commented. He indicated (ABZ) is "totally set for expansion mode" following its recent Initial Public Offering (IPO), that raised +AED 3.3 billion. (ABZ) intends to establish a 2nd base in the region with 6 airplanes within the next 12 months, and has allocated AED1 to AED1.5 billion of its (IPO) proceeds to "pursue strategic acquisitions in our target markets, and consolidate our competitive position," according to its latest investor presentation. Ali said (ABZ) is looking to place an order for 34 to 50 narrow body airplanes "directly from airplane makers" this month, according to statements cited by "Reuters." It previously had committed to buying at least 34. Both A320s and 737s reportedly are under consideration.
For the 1st 9 months, (ABZ) posted net income of +AED280 million compared to +AED65 million in the year-ago period. Revenue rose +68% to AED889 million, and passenger numbers increased +55% to 1.3 million. It targets 2.7 million passengers for the full year, on a network that will span 39 destinations. Last month, it carried its 5 millionth passenger since launching operations in October 2003.
(ABZ) will establish its 2nd base, and 1st outside the (UAE), in Rabat following the signing of an agreement with Regional Air Lines under which it will assume management control of the Morocco-based privately held carrier and apply its low cost business model. (ABZ) and Bahrain investment bank Ithmaar Bank, will provide a "significant" capital injection into Regional, (ABZ) said in a statement. The Ithmaar Bank is serving as the financial adviser and financier for the transaction. The revamped Moroccan carrier will launch flights to Europe, the Middle East and Africa. "(ABZ) is currently in the midst of a period of rapid expansion," Chairman Sheikh Abdullah Bin Mohammed Al Thani said. "This agreement provides us with the opportunity to reach into fast-growing markets in North Africa and across the Mediterranean into southern Europe. With a strong presence in the Egyptian cities of Alexandria, Luxor and Assiut, (ABZ) will now be able to expand significantly this coverage area."
Regional added: "Considering that Morocco expects to welcome an estimated 10 million tourists a year by 2010, this is an especially timely announcement. There is also a very large Moroccan diaspora, particularly in Europe, who will benefit when traveling." Financial terms of the agreement, including the amount of the capital injection, were not disclosed.
Alpha Aviation Group and (ABZ) signed a Joint Venture (JV) agreement to launch the International Aviation Training Academy in Sharjah modeled on the existing academy, Clark Aviation, in the Philippines. The parties said the academy will begin operating early next year, and will satisfy (ABZ)'s own pilot (FC) training needs in addition to training ab initio pilots (FC) under the (ICAO) Multi Crew Pilot License for other carriers in the region. The academy eventually will train cabin crew (CA), engineering staff (MT), and other operational personnel.
(ABZ) signed a contract for 34 firm A320s plus 15 options, adding to Airbus (EDS)'s haul here, and staking its claim as the largest Low Cost Carrier (LCC) in the Middle East. The deal does not include an engine choice, and is worth approximately $3.5 billion at catalog prices. It will >3x- (ABZ)'s fleet and puts it on course to reach its target of 50 airplanes by 2015. "Our vision is to be 1 of the world's leading low-cost carriers (LCC)s in terms of profit margins, innovation, reputation and operational excellence," Chairman Sheikh Abdullah bin Mohammed Al-Thani said in a statement. "Having the A320 at the heart of our fleet is the best and quickest way we can achieve this." (ABZ) currently operates 11 leased A320s to 37 destinations in the Middle East, Central Asia, North Africa and India.
January 2008: Air Arabia (ABZ) announced that it will establish a new hub in Katmandu, from where it will operate a low-cost subsidiary in partnership with Nepalese carrier, "Yeti Airlines" (flyyeti.com). It said the new carrier "will provide affordable and convenient service to a broad range of international destinations" throughout Asia. Flights to Sharjah will start before the end of the month, with service to Doha, Kuala Lumpur, and India to follow shortly. (ABZ) Chairman Abdullah bin Mohammad Al Thani said (ABZ) is "focused on youthful, fast-growing markets where the opportunities for growth are greatest." Yeti operates 5 Twin Otters and 5 Jetstream 41s.
February 2008: A year in which Air Arabia (ABZ) signaled its ambition with an (IPO) and a significant airplane order ended with a +AED376 million/+$102.4 million net profit, more than 3x- the +AED101 million profit reported in 2006.
Revenue rose +71.3% to AED1.28 billion and passenger numbers climbed +53.2% to 2.7 million. "The year 2007 saw (ABZ) achieve unprecedented success in the low-cost carrier segment, a market we introduced to the Middle East just 4 years ago," Chairman Abdullah bin Mohammad Al-Thani said. "From our successful (IPO) to orders for airplane acquisition, to the launch of new destinations and new hubs across the region, the year 2007 was truly a landmark year." (AEB) netted +AED3.3 billion in its spring (IPO), and announced an order for 34 A320s plus 15 options at the Dubai Air Show. It expanded its network to 37 destinations.
4th-quarter net profit more than doubled to +AED89.5 million from the +AED32.7 million earned in the final 3 months of 2006.
"FlyYeti.com," the joint venture between (ABZ) and "Yeti Airlines," launched 5x-weekly, Kathmandu - Abu Dhabi. It is the Nepalese Low Cost Carrier (LCC)'s 3rd route since commencing operations January 20. SEE ATTACHED ARTICLE - "ABZ-PLANS-2008-03."
(ABZ) will begin 3x-weekly, Sharjah - Calicut services on February 26. Frequencies will double by the end of May. It is (ABZ)'s 10th Indian destination.
March 2008: A320-214 (3444, A6-ABK), (ILF) leased.
April 2008: Air Arabia (ABZ) reported a net profit of +Dhs376 million/+$102 million for 2007 on revenues of Dhs1.28 billion, a +71% increase over 2006.
(ABZ) launched services to Delhi. (ABZ) now operates to 40 destinations, including 10 in India, but until now has been unable to serve India's two largest cities.
A320-214 (3476, A6-ABL), (ILF) leased.
May 2008: Air Arabia (ABZ) will open a 3rd hub in Rabat in the 2nd half of this year in order to connect to European destinations, the Arab Air Carriers Organization reported. (ABZ) has entered into a joint venture with privately held Regional Air Lines and Bahrain Ithmaar Bank. It launched a 2nd hub in Kathmandu in January in partnership with Yeti Airlines.
India and the United Arab Emirates (UAE) have agreed to further liberalize their air services agreement covering passenger flights to and from Dubai, in a long-delayed move that will open the market significantly. Under the new agreement, airlines from each side will be allowed to carry up to 54,200 passengers per week in each direction by the 2009/2010 winter season, representing an increase of +23,000 on the previous deal. The new agreement had been under discussion for some time and should help to ease complaints of significant under-capacity in the market. Capacity has not kept up with demand due partly to fast growth in Dubai's population of Indian migrant workers. The new bilateral comes as India has been allowing more international services by privately owned carriers and as Dubai is setting up a new low-cost carrier that will almost certainly seek to operate to India. India's Jet Airways (JPL), which began serving Abu Dhabi in late April, will also likely benefit. It does not yet have Dubai rights, but has been applying for them and now expects it will be able to launch services to Dubai from several Indian cities.
Air India (AIN)'s low-cost unit Air India Express (AXB) has also unveiled plans to launch flights to Dubai from Ahmedabad, Goa, Hyderabad, and Pune. (AXB) already connects Dubai with 12 other Indian cities and these services are considered among its most lucrative. (AXB) also serves Abu Dhabi from 5 Indian cities and Sharjah from 3. Demand for services from all of the (UAE)'s major cities has been growing rapidly. Abu Dhabi-based, Etihad (EHD) now serves 6 cities in India, and is keen to serve several more, while (ABZ) is also keen to expand its Indian network, which already consists of 11 cities. (ABZ) says its passenger numbers on its India routes grew +43% in the 1st quarter with an average load factor of 94% LF.
July 2008: "FlyYeti.com," the low-cost joint venture between Air Arabia (ABZ) and Yeti Airlines operating out of Kathmandu, will suspend operations on July 16, owing to what it called "difficult operating conditions in Nepal, and a presently opaque regulatory environment" and political conditions that made it impossible to guarantee the renewal of airplane operating leases that expire this month. Launched in January, FlyYeti.com said it "has enjoyed a pleasant performance" and 80% LF load factors and that it "will continue to closely monitor the political and market conditions in the country and hopes to resume operations when those conditions stabilize."
In October, to Kiev.
August 2008: Air Arabia (ABZ) reported a +AED82 million/+$22.3 million 2nd-quarter profit, up +14% from the +AED71.7 million announced in the year-ago period, a result it said "demonstrate[ed] continued superior performance and ongoing organic growth." Revenue soared +79% to AED487 million. (ABZ) transported 866,272 passengers during the period, up +34% year-over-year, and said it will "remain committed" to "continually upgrading our destination network to serve the widest number of cities in the Middle East, North Africa [and] South and Central Asia." It now serves 41 destinations, having added Kozhikode, New Delhi, Shiraz, and Dhaka in the past 6 months. Its 1st-half profit of +AED160 million represented a +39% increase from the +AED115 million posted in the year-ago semester.
(ABZ) recently announced that it has begun construction of a 300-room "budget hotel" at Sharjah Airport. It is scheduled for completion in January 2010 and will be managed by Rotana Hotels.
A320-214 (2678, A6-ABZ), Vueling (VUZ) leased.
September 2008: Air Arabia (ABZ) will launch 4x-weekly, Sharjah - Nairobi on October 26. They will join existing flights to 4 other destinations in Africa: Khartoum in Sudan, and 3 Egyptian cities (Alexandria; Assuit; & Luxor). (ABZ) is also adding another Indian destination (Hyderabad), next month, and increasing frequencies to Riyadh and Jeddah. Load factors are extremely high to both cities.
(ABZ) hasn’t forgotten about plans to launch a base in Morocco’s capital Rabat. According to the "Khaleej Times," (ABZ) will launch operations there later this year or early next. It hopes the venture works out better than the FlyYeti operation it started in Nepal earlier this year, which was forced to shut down because of excessive political interference. (ABZ) also says it may place more A320 orders to support the needs of its new Moroccan unit.
(ABZ), which flies to both Tehran and Shiraz, opened its first city ticket office in Iran. The Tehran-based office will help facilitate bookings in a market where many consumers don’t have credit cards. The United Arab Emirates (UAE) is home to many Iranian workers and business people, offering economic opportunities unavailable at home.
October 2008: Air Arabia (ABZ) launched daily, Sharjah - Hyderabad aboard an A320.
Rockwell Collins (RC) was selected by (AEB) to provide a package of communication, navigation and surveillance avionics for 59 forthcoming A320s. The package includes (RC)'s WXR-2100 MultiScan Hazard Detection System. Deliveries are scheduled from 2009 through 2013.
November 2008: Air Arabia (ABZ) reported a +AED214 million/+$58.2 million 3rd-quarter profit, up +29.7% from the +AED165 million earned in the year-ago period. (ABZ) enjoyed a +69% year-over-year increase in revenue to AED625 million on a +34% rise in passengers to 978,794. Load factor was level at 87% LF. The 9-month profit of +AED374 million was up +34% from +AED280 million in the 1st 3 quarters of 2007. The airline celebrated its 5th anniversary.
(ABZ) is to establish its new Moroccan operation, "Air Arabia Maroc (AAM)," at the city of Casablanca rather than Rabat. (ABZ) plans to begin services from the base early next year, possibly by April, operating domestically and on routes to Europe and Africa. Air Arabia Maroc will have an initial fleet of 2 or 3 A320s.
(ABZ) has been planning a Moroccan station since reaching an agreement a year ago to take management control of local carrier Regional Air Lines. (ABZ) (CEO) Adel Ali said Casablanca was a better choice of gateway than Rabat (the original site chosen for the base). "There's not a lot of room for expansion or development [at Rabat]," he said, adding that the airport's infrastructure is limited. Casablanca is a major commercial center, he said: "The opportunity there is much greater." Establishment of Air Arabia Maroc is still subject to governmental approval. Ali said the carrier will have a "pretty sizeable" fleet and added: "We'll operate all over Europe and wherever an A320 can reach in Africa."
(ABZ) Chairman Sheikh Abdullah bin Mohammed Al-Thani said: "In addition to strengthening our operations in Sharjah, we are keen to capitalize on the immense potential in N Africa and southern Europe."
Regional Air Lines, which has 10 airplanes, operates to several cities in Morocco and 4 destinations in Spain and Portugal. Chairman, Mohamed Hassan Ben Salah says he is confident the new carrier will contribute to increasing tourism to the country.
Bahrain investment firm Ithmaar Bank will be a partner to the 2 carriers in the new operation, although the precise ownership structure has not been disclosed.
(ABZ) firmed options for 10 A320s, following up on the order for up to 49 airplanes signed at last year's Dubai Air Show and saying said it needs the additional planes to support expansion and its new Moroccan base, scheduled to open next year. Last year's order comprised a firm contract for 34 airplanes plus 15 options. (ABZ) currently operates 16 A320s. It is awaiting governmental approval for its Casablanca operation called "Air Arabia Maroc (AAM)," which will be a joint venture with privately held Regional Air Lines of Morocco.
The European Union (EU)s "open skies" agreement with Morocco, signed two years ago, worries several European carriers that fear (ABZ) might gain unrestricted access to the European market, via a Moroccan affiliate. Earlier this year, it was confirmed that the body has sought reassurance from the Moroccan government, that it will guarantee application of the (EU) - Moroccan air services agreement, including ownership and control rules.
"The company will comply with all regulatory requirements," (ABZ) CEO, Adel Ali stressed during last month's Arab Air Carriers Organization's annual general meeting in Tunis. "We will have management control. But in terms of ownership, it will be with our Moroccan partner. This works for both parties." He said Air Arabia Maroc will start "small, with two to three airplanes" and will grow organically. Adel said his airline intends to develop similar ventures and the announcement of a 3rd base "hopefully" will occur before year end. He said only that it "will be somewhere between Morocco and Muscat," with analysts speculating either Alexandria or Amman.
The Moroccan operation had been scheduled to launch late this year in Rabat. (ABZ)'s Kathmandu joint venture with Yeti Airlines, FlyYeti.com, suspended operations in July.
December 2008: Air Arabia (ABZ) is recruiting A320 Captains and First Officers (FC). Applicants can view additional details on the company Web site and apply online.
February 2009: Air Arabia (ABZ) concluded a "landmark" 2008 with a +AED509.7 million/+$138.7 million profit, up +35.6% from the +AED376 million reported in 2007. Chairman, Abdullah bin Mohammad Al Thani said (ABZ) "managed to sustain growth" last year, which is "reflected in our robust financial results." It increased its network by 7 destinations to 44, unveiled its "Air Arabia Maroc" subsidiary set to operate out of Casablanca and began construction of a 300-room hotel at Sharjah Airport, among other initiatives. In November, it added +10 airplanes to its 2007 order for 34 A320s. It did suffer a setback with the summer failure of its Nepal subsidiary.
Full-year revenue soared +61% to AED2.07 billion on a +33% increase in passenger numbers to 3.6 million. Load factor was 85% LF, with no year-over-year comparison provided. 4th-quarter net profit was +AED136 million, up +45.4% from the AED93.5 million reported in the final quarter of 2007.
Al Thani said the current year "will see serious challenges to the worldwide aviation industry, driven by the impact of the global financial crisis and lower levels of consumer confidence. "(ABZ), however, will be "building upon our expansion strategy and offering compelling value propositions to our customers. Now more than ever, low-cost carriers (LCC) are an attractive option for travelers seeking value for money."
(ABZ) will launch 3x-weekly, Sharjah - Athens service on April 21 aboard an A320. It is (ABZ)'s 1st route to the European Union (EU).
March 2009: Air Arabia (ABZ) starts Athens flights just before Etihad (EHD) jumps in the market. 3x-weekly, (ABZ) A320 service will mark the 1st time the strongly profitable Low Cost Carrier (LCC) enters a European Union market. Not un-coincidentally, Emirates (EAD) will begin a 2nd daily flight to Athens from Dubai in late March.
(ABZ) has a network of 44 destinations and 23 nations covering roughly 1.7 billion people.
A320-214 (3802, A6-ABP), (ILF) leased.
April 2009: Air Arabia (ABZ) plans to launch its Casablanca-based subsidiary by late April or early May and hopes to be operating some 25 airplanes to at least 60 destinations in Europe and Africa within 5 years, (CEO) Adel Ali told reporters in comments cited by "Reuters."
Rockwell Collins reached agreements to install its dPAVES in-flight entertainment system with CanJet Airlines (CNJ) (2 737-800s), Air Europa (ARE) (12 737s + 13 options) and Air Arabia (ABZ) (49 A320s).
(ABZ) said that Airbus (EDS) ranked it 1st on its list of airlines with the highest A320 operational reliability in 2008 at 99.8%. (ABZ) currently operates 16 A320s and plans to add +2 more this year.
A320-214 (3840, A6-ABQ), RBS Aerospace leased.
May 2009: Air Arabia Maroc (AAM) will launch operations this month with a 4x-weekly service between its Casablanca base and London Stansted operated by a new A320-214 (3809, CN-NMA), (ILF) leased. It will add 4x-weekly flights to Marseille and Brussels South Charleroi on May 10, 3x-weekly flights to Bergamo on May 12, and Lyon on May 14, and a daily to Paris Charles de Gaulle on May 16.
June 2009: A320-214 (3925, A6-ABR), AerVenture leased.
July 2009: Air Arabia (ABZ) Group appointed former SkyEurope Airlines (SKP) Chairman & (CEO) Jason Bitter as (CEO) of its Air Arabia Maroc (AAM) subsidiary.
August 2009: Air Arabia (ABZ) posted a +AED89.7 million/+$24.4 million second-quarter profit, up +10% from the +AED81.5 million reported in the year-ago period, on a +6% rise in revenue to AED458.4 million. "We are pleased with the positive results achieved amidst the ambiguity of global economy performance and the impact of swine flu on air travel trends. (ABZ)'s continuous profitability and growth figures demonstrate the fundamental strength of the airline's dynamic business model," (CEO) Adel Ali said. (ABZ) said costs declined -8% to AED382 million and operating profit rose +10.5% to +AED51.2 million from +AED46.3 million in the 1998 2nd quarter.
In the 1st half, profit climbed +20.8% to +AED193 million from +AED159.8 million last year, while operating profit rose +36.3% to +AED106.6 million. Passenger boardings were up +20% to nearly 2 million and load factor was 80% LF. The company launched its Air Arabia Maroc (AAM) subsidiary in Casablanca during the quarter. It now serves nine European destinations. It operates 16 A320s on mainline operations.
September 2009: Air Arabia (ABZ) launched 2x-weekly, Sharjah - Medina service.
(ABZ) received its (IATA) (ITA) Operational Safety Audit (IOSA) registration.
(ABZ) signed a joint venture (JV) agreement with Egyptian travel and hospitality conglomerate Travco Group to launch an Egypt-based low-cost carrier (LCC) that will serve Europe, the Middle East and Africa. The new base will be (ABZ)'s 3rd after Sharjah and Casablanca. It did not say where the new (LCC) will be based or give details on specific routes or a time line for launch. The venture will have start-up capital of $50 million with the Air Arabia Group holding a 40% stake, according to several press reports.
As with Air Arabia Moroc (AAM), a (JV) with Morocco's Regional Air Lines, the Egyptian carrier will be managed by the Air Arabia Group and its operations "will follow the successful low-cost model pioneered in the Middle East and North Africa by (ABZ)," it said.
Chairman, Abdullah bin Mohammed Al-Thani said (ABZ) will "continue to move forward with our strategic expansion strategy" despite the industry downturn.
October 2009: Air Arabia (ABZ) will launch 2x-weekly, Sharjah - Samara service from October 26.
(ABZ) is recruiting A320 Captains (FC) and First Officers (FC). Applicants can view additional details on the company Web site and apply online.
A320-214 (4061, A6-ABS), AerVenture leased.
November 2009: Air Arabia (ABZ) has picked Honeywell (SGC) to supply auxiliary power units (APUs) for its fleet of A320s on order. The $36-million agreement calls for (SGC) 131-9A (APU)s for up to 44 airplanes through 2016. Paolo Carmassi, President Europe, Middle East, Africa and India for (SGC), notes that the (APU)s will lower fuel burn by -5% and reduce on-airplane maintenance by around -36%.
December 2009: Air Arabia (ABZ) reported a +AED144 million/+$39.2 million 3rd-quarter profit, excluding exceptional items, down -8.9% from the +AED158 million earned in the year-ago period. Its 9-month profit, excluding exceptional items, rose +6% year-over-year to +AED337 million from +AED318 million last year. Revenue was down -1.7% to AED1.47 billion. 9-month passenger traffic increased +13.8% to 3 million (RPK) and load factor was 79% LF.
January 2010: Air Arabia (ABZ) added a 2nd daily, Sharjah - Dammam frequency.
February 2010: Air Arabia (ABZ) posted a +AED452.2 million/+$123.1 million profit in 2009, down -11.3% from the +AED509.7 million reported the prior year, as it continued to grow despite what it called "an enormously challenging period."
Revenue slipped -4.5% to AED1.97 billion and "cost of sales" was cut -3.5% to AED1.61 billion, (ABZ) said. Operating profit was down -14.2% to +AED249.1 million from the +AED290.2 million reported in 2008.
Chairman, Abdullah Bin Mohammad Al Thani remained positive, saying the result was a reflection of "our unique business model, efficiency of our operations and compelling value-for-money customer proposition."
Passenger traffic climbed +14.2% to 4.1 million, as Air Arabia (ABZ) increased its A320 fleet to 21 airplanes from 16 at the close of 2008. It bases 18 in Sharjah and 3 in Casablanca, serving a combined 59 destinations from the cities.
Traffic, measured in (RPK)s, was up +19.7% to 8.5 billion against a +26.5% lift in capacity to 10.5 billion (ASK)s. Load factor fell -5 points to 80% LF. Revenue per passenger slipped -16.7% to AED455, while cost per passenger was reduced -15.4% to AED389. It rose +8.7% to AED249, excluding fuel.
"We are confident that [the] Middle East and North Africa region is capable of leading the global recovery, and our outlook for this year therefore remains cautiously positive," Al Thani said.
(SITA) deployed the world's 1st Common Use Self-Service kiosks with an Arabic interface at Sharjah International, the parties announced. Passengers flying Air Arabia (ABZ), Nas Air (NAZ), Sama (SMA), Air India (AIN)/(IND) and Jet Airways (JPL) are using the kiosks. (SITA) also is providing Web check-in for (ABZ) under a 5-year deal.
March 2010: A320-214 (4243, A6-ABT), delivery.
May 2010: Air Arabia (ABZ) announced that it received its Air Operating Certificate (AOC) from the Egyptian (CAA), clearing the way for the launch of "Air Arabia Egypt (AGP)," (ABZ)’s Alexandria-based joint-venture (JV) airline. Formed in cooperation with Travco Group, Egypt’s largest travel and hospitality group, Air Arabia Egypt (AGP) will launch service with a pair of A320s in early June from Alexandria Burj Al Arab airport to Khartoum and Kuwait. The new carrier plans also to serve destinations in Europe, the Middle East (Abu Dhabi, this month), and Africa.
A320-214 (4310, A6-ABU), AerVenture leased.
July 2010: Air Arabia Egypt (AGP) launched 4x-weekly, Alexandria - Abu Dhabi service.
(ABZ) has inked a deal with the Tantash Group investment company of Amman, Jordan to launch a new low-cost carrier "Air Arabia Jordon," the first budget airline based in Jordan. It will provide direct service to a range of destinations across Europe, the Middle East, and North Africa region from Queen Alia International airport.
August 2010: Air Arabia (ABZ) posted another quarterly net profit, this time amounting to $14 million. But this was down >40% from the 2nd quarter a year ago, demonstrating the impact of new competition from FlyDubai (FDB). Revenue, in fact, grew just +6% despite the better worldwide economic conditions this year. And troublingly, operating expenses rose by +14%, leaving just a 4% operating margin. To diversify away from its exposure to FlyDubai (FDB)’s assault, Air Arabia (ABZ) is growing its Moroccan and Egyptian units while planning a new airline in Jordan. The good news is that traffic throughout the wider Middle East and north Africa is growing rapidly, perhaps creating opportunities for all.
Employees = 1,000.
Air Arabia (ABZ) will operate 3x-weekly, Brussels - Casablanca service via Fez (2x-weekly) and Oujda (weekly), beginning in October for the winter season.
(ABZ) selected Thales (THL) to supply an avionics package for its 44 new A320s.
September 2010: Air Arabia (ABZ) will launch 3x-weekly, Casablanca - Alexandria service on October 4, increasing to 4x-weekly on October 31.
(ABZ) appointed Aviareps to serve as its General Sales Agent (GSA) in the Ukraine, Italy, and France.
October 2010: Air Arabia (ABZ) the 1st and largest low-cost carrier (LCC) in the Middle East and North Africa, has taken delivery of the 1st of 44 A320s on order, during a delivery ceremony in Hamburg, Germany. (ABZ) becomes the newest operator and customer of directly purchased Airbus (EDS) airplanes.
Headquartered in Sharjah, United Arab Emirates, Air Arabia (ABZ) also has bases in Casablanca, Morocco, and Alexandria, Egypt. Its network comprises 65 international routes across the Middle East, Europe, the
Indian Subcontinent, Central Asia, and North Africa. Next year, a 4th base will open in Amman, Jordan.
A320-214 (4468, A6-ANA), EX-D-AXAD) delivery.
December 2010: Air Arabia (ABZ) launched 4x-weekly, Sharjah – Kabul services on December 16. (ABZ) launches 3x-weekly, Sharjah - Sohag service on December 27. Sohag is (ABZ)'s 4th destination in Egypt.
January 2011: Air Arabia (ABZ) has opened new flights to Sohag in Egypt, while also launching Cairo - Alexandria bus service.
2 A320-214s (4539, A6-ANC; 4568, A6-AND), ex-(F-WWIN & F-WWBH), deliveries.
February 2011: The United Arab Emirates (UAE) General Civil Aviation Authority and France’s Civil Aviation Authority reached a new bilateral agreement, allowing for a +63% increase in the number of flights operated between the two countries.
The designated airlines of each side won the right to operate up to 57 weekly passenger frequencies combined, +22 more than at present. Furthermore, in addition to Paris, Nice, Lyon, Marseille, and Toulouse, both delegations agreed to add Bordeaux as a 6th point of destination in France, according to the (UAE)’s state news agency "WAM."
The (UAE) designated Air Arabia (ABZ), in addition to Emirates Airline (EAD) and Etihad Airways (EHD), as a (UAE) national airline under the signed Memo of Understanding (MOU). The additional flight rights will be phased in between now and 2014.
(ABZ) will use Lufthansa (DLH) Systems' Lido/Flight for flight planning, the companies announced. According to (DLH), Lido/Flight calculates optimal flight routes based on various factors and can reduce fuel costs by up to -5%.
Jordan Aircraft Maintenance (jorAMCo) was selected by Air Arabia (ABZ) to perform heavy maintenance services, including heavy "C" maintenance checks, engine swaps, modifications and upgrades, on seven of the (ABZ)’s A320s. Work has commenced on the 1st A320 at the jorAMCo facilities.
Air Arabia (ABZ) is recruiting A320 Captains and First Officer Flight Crew (FC). Applicants can view additional details on the company website and apply online.
April 2011: Jordan Airline Training & Simulation (JATS) was selected by Air Arabia (ABZ)'s aviation training arm, Alpha Aviation (UAE), to provide pilot (FC) and ground school aviation training, to launch its Multi-crew Pilot License (MPL) program. The (JATS) simulator portfolio includes 767-300ER Full Flight Simulator (FFS), A310-300, A320-200, A320-200 (FFS), 737-800NG and Embraer E170/E190.
(ABZ) selected sharklets for 28 of the 44 A320s it has on order. Deliveries of the sharklet-equipped airplanes will start in the 2013 second quarter.
June 2011: Air Arabia (ABZ) decided to delay the launch of a base in Amman owing to the social and political unrest in the region and high fuel prices. “With the current environment, we have delayed the Jordan plans. We will review the situation and take a decision,” said (CEO) Adel Ali. “Jordan is stable but countries like Syria, Egypt and Tunisia are still facing political instability. There is a lot going on in the region and with the current fuel prices, we thought this was not the right time.”
(ABZ) signed a joint venture (JV) agreement with the Tantash Group, a Jordan-based diversified investment company active in the travel sector, last June to launch a Low Cost Carrier (LCC), Air Arabia Jordan. Although it did not specify a start date or scale of the planned operations, the partners did stress that “Air Arabia Jordan, the 1st (LCC) based in the Hashemite Kingdom, will provide direct service to a range of destinations across the Europe, Middle East and North Africa region from Queen Alia International Airport.”
The Air Arabia Group launched its 1st non-(UAE)-based (LCC) in Casablanca in April 2009 and in June 2010 commenced operations from its 3rd hub in Alexandria, offering flights to the Gulf and the Middle East and North Africa region.
It posted a net profit of +AED44.2 million/+$12 million for its fiscal first quarter ended March 31, down -12% compared to +AED50 million in the year-ago period. Revenue rose +6% to AED513 million on a +11% increase in passengers carried to 1.2 million. Load factor averaged 85% LF, a +6 points gain on the year-ago period.
July 2011: Air Arabia (ABZ) will launch 4x-weekly, Sharjah - Gassim service on July 15.
August 2011: A320-214 (3246, A6-ABM), returned from lease to Air Arabia Maroc (AAM) and A320-214 (47806, A6-ANE), ex-(D-AVVY) delivery.
October 2011: Air Arabia (ABZ) is a Low Cost Carrier (LCC) providing scheduled point to point services linking Sharjah with nearly 60 destinations across 30 countries in the Middle East, north Africa, Asia, Europe, and the Indian subcontinent.
(IATA) Code: G9. (ICAO) Code: ABY (Callsign - ARABIA).
Parent organization/shareholders: Publicly owned (100%).
Airline subsidiaries/shareholdings: Air Arabia Egypt (40%); Air Arabia Maroc (AAM) (29%).
Alliances: Regional Air Lines.
Main Base: Sharjah International airport (SHJ).
Hub: Casablanca Mohammed V airport (CMN).
International, Scheduled Destinations: Aleppo; Alexandria; Aqaba; Assiut; Bahrain; Beirut; Colombo; Damascus; Damman; Doha; Jeddah; Khartoum; Kuwait; Luxor; Mumbai; Muscat; Nagpur; Riyadh; Sana'a; & Sharm el Sheikh.
A320-214 (4890, A6-ANG), ex-(D-AVVF), delivery.
November 2011: Air Arabia (ABZ) had a +$27 million net profit for the last quarter despite the high fuel prices and MidEast and North Africa political unrest. Revenues were +22% and operating costs were +17%. Most of its revenue came from its 13 destinations in India, and a growing proportion from markets in the former Soviet Union.
December 2011: Sharjah Airport handled 4 million passengers January through September, +8%.
January 2012: Air Arabia Maroc (AAM) is accepting applications online for A320 Captains and First Officers Flight Crew (FC) based in Maroc. See FltOps.com and FAPA.aero.
April 2012: NavAero has been selected by Air Arabia (ABZ) to supply the t Bag C22 Class 2 Electronic Flight Bag (EFB) system for (ABZ)’s fleet of A320 airplanes. The contract is drawn from a combined technology solution with NavAero providing (EFB) hardware and two strategic partners providing software applications (Lufthansa Systems (LHS)) for electronic charting and Aviobook for the (EFB) software main framework and other applications.
July 2012: Air Arabia (ABZ) launched 2x-weekly, Sharjah - Salalah service on June 28.
A320-214 (5206, A6-ANK), ex-(F-WWBF), delivery.
September 2012: Air Arabia (ABZ) will fly 2x-weekly to Odessa, a Black Sea port city in the Ukraine. Odessa was a 19th-century Europeanized boom town whose fortunes faded under decades of Soviet rule. It was also home to a large Jewish population, much of which immigrated to Israel. Odessa is (ABZ)'s 4th city in the Ukraine after Donetsk, Kharkiv and Kiev.
When (ABZ) had its inaugural flight from Sharjah to Odessa it had a 96% LF load factor. These flights will increase to 2x-weekly from November 6th. At 3,200 km, this is by far the longest route operated into the city on Ukraine's Black Sea coast.
October 2012: Air Arabia (ABZ) expanded its Russian network this month, launching 2 further routes to the country from its Sharjah (SHJ) base in the (UAE). (ABZ), which already serves Moscow Domodedovo and Yekaterinburg, launched flights to Ufa airport (UFA) west of the Ural Mountains on October 2 and Kazan airport (KZN) by the Volga River on October 3. Each of the 2 routes is operated 2x-weekly with the (ABZ)’s A320s. Although (ABE) faces no direct competition on either route, flydubai (FDB) indirectly competes on both routes from nearby Dubai; 3x-weekly to Ufa and 2x-weekly to Kazan. “We are pleased to introduce this new service to Ufa which comes as part of our route expansion strategy in the Russian Federation and Eastern Europe” said Adel Ali, Group (CEO), (ABZ). “We are confident that this new service will positively contribute to the strong trade and Tourism relations between the (UAE) and Russia as well as offer customers’ affordable and unique product.”
(ABZ) just started flying to Erbil in N Iraq's Kurdistan region, its 2nd destination in the country after Najaf. A320 flights operate 3x-weekly with indirect competition at nearby Dubai coming from Emirates (EAD)'s daily and flyDubai (FDB)'s 4x-weekly flights.
Through its hub in Sharjah, (ABZ) offers great connectivity to the Indian sub-continent, the Gulf and North Africa.
JorAMCo signed a contract with (ABZ) to provide heavy maintenance services and to perform re-delivery checks for 5 of (ABZ)’s A320s.
(ABZ) is accepting applications online for A320 First Officers (FC) for its Sharjah main base.
See FAPA.aero: Pilot Career Conferences & Job Fairs
...For Future & Active Pilots (FC).
November 2012: Air Arabia (ABZ) continued expanding its network to (CIS) countries from its Sharjah (SHJ) base, launching 3 new routes; 2 to Russia and 1 to Kazakhstan. On October 31, (ABZ) began serving Kazakhstan’s capital Astana (TSE), followed by flights to Rostov-on-Don (ROV) in southern Russia on November 2. On November 3, flights followed to Kazan (KZN) by the river Volga. Each of the 3 routes is operated 2x-weekly with the (ABZ)’s A320s. Although none of the routes face direct competition, flydubai (FDB) indirectly competes at nearby Dubai International Airport on the Kazan route with 4x-weekly operations.
December 2012: Air Arabia (ABZ), which expanded its European reach from Sharjah (SHJ) with new services to the Ukraine and Russia in October, now also connects the 3rd most populous city in the (UAE) and Pristina (PRN) in the Balkans. Beginning on November 29, 2x-weekly flights are offered on the 3,700 km route to the Kosovo capital. Notably, Pristina is also Air Arabia (ABZ)’s western-most destination in Europe, where it operates to a total of 10 destinations, mostly in Russia and the Ukraine. Adel Ali, Air Arabia (ABZ)’s Group (CEO), said: “Air Arabia is delighted to become the 1st (UAE) carrier to offer scheduled services to Kosovo. We are confident that our value-driven product will further strengthen the ties between the 2 countries.” In addition, Basra (BSR) is now (ABZ)’s 3rd destination in Iraq, following the October launch of services to Erbil. 3x-weekly services commenced on December 2.
January 2013: Air Arabia (ABZ) connected the 3rd most populous city of the United Arab Emirates (UAE), Sharjah (SHJ) and Sialkot (SKT) in the NE Pakistani province of Punjab on January 10th. Operating daily flights with A320 in a 162Y-seat configuration, (ABZ) now competes with Shaheen Air (SHN)’s 3x- and Pakistan International Airlines (PIA)’s 2xweekly departures, which are already offered on this 2000 km route.
(ABZ) and Indian carrier, IndiGo (IGO) have each taken delivery of their 1st sharklet-equipped A320s. (ABZ) is the 1st Middle East operator of the modified airplane, while (IGO) is the Indian launch customer.
A320-214 (3246, A6-ABM) returned from lease to Air Arabia Egypt (AGP), ex-(SU-AAC). A320-214 (5452, A6-ANO), ex-(F-WWIM), delivery.
February 2013: Air Arabia (ABZ) recorded a net profit of +AED425 million/+$115.7 million for the year ended December 31, 2012, up +55% on the +AED274 million in 2011.
Turnover was AED2.9 billion, an increase of +21% on 2011, while the number of passengers carried rose +13% to >5.3 million passengers.
Load factor for (ABZ) was 82% LF, although a comparative figure for the preceding year was not given.
(ABZ) Chairman Abdullah Bin Mohammad Al Thani said the results were partly due to (ABZ)’s rapid expansion in 2012. It introduced 9 new destinations over the year and ended it with 82 points on its route map. “As these results signify, (ABZ) continued to demonstrate its concerted efforts to enter into new markets and launch new ventures, while enabling more people to fly efficiently and affordably.”
(ABZ) intended to continue to expand: “With market conditions rebounding, (ABZ) is fully confident in its ability to unlock opportunities for the low-cost model.”
With the addition of Baghdad to its route network, (ABZ) will operate a total of 23 flights per week to Iraq. (ABZ) will be the sole operator on the Sharjah - Baghdad route.
March 2013: Air Arabia (ABZ) commenced flights on its 4th Iraqi route from Sharjah (SHJ) on 11 March and now offers 4x-weekly services to Baghdad (BGW) in addition to the existing destinations (Najaf – daily; Basra and Erbil – 3x-weekly each). (ABZ) operates the new 1,400 km route using its fleet of A320s.
(ABZ) inaugurated operations on the route from its Sharjah (SHJ) base to Hambantota (HRI) in SE Sri Lanka, on March 18, becoming the 1st foreign airline to serve this recently commissioned airport. 2x-weekly flights on the 4,400 km route, which is (ABZ)’s 2nd to Sri Lanka, are offered. Adel Ali (CEO) of the Air Arabia Group, said: “Since inception about a decade ago, (ABZ) has prided itself on being an airline of 1sts. We are extremely delighted to become the 1st international carrier to arrive in Mattala, further reinforcing our commitment to expand our presence in Sri Lanka.” (ABZ) plans to double the frequencies on the route starting May 19.
April 2013: In 1st quarter, Air Arabia (ABZ) carried +18% passengers.
KfW IPEX-Bank has closed financing on 1 new A320-200 airplane for Air Arabia (ABZ) under an Export Credit Agency-supported facility fronted by Euler Hermes. Closing and delivery of the airplane took place April 18. The bank is acting as agent and security trustee of the 12-year loan.
May 2013: Air Arabia (ABZ) reported a 1st-quarter net profit of +AED59 million/+$16 million, up +20% from +AED49 million in the year-ago period.
The result continues a remarkable run of profitable results for (ABZ), stretching all the way back to its 1st year of operations, even through the Arab Spring period - resulting in a near-doubling of its share price over the past year.
Expansion plans continue, with a new order in the offing, to be selected from the A320neo, 737 MAX and the Bombardier CSeries, according to (CEO) Adel Ali.
April 2013: Air Arabia (ABZ) loves Saudi Arabia. Proof of that is yet another new Saudi route from Sharjah, this one to Ha’il. It will be (ABZ)’s 9th destination in the kingdom, which is of course booming thanks to oil revenues. Flights will operate 3x-weekly.
August 2013: Low-cost carrier (LCC) Air Arabia (ABZ) reported a 1st-half net profit of +AED134 million/+36.5 million, a +17% increase over the same period last year when (ABZ) posted a profit of +AED115 million.
(KfW IPEX)-Bank has closed financing on one new A320-200 airplane for Air Arabia (ABZ) under an Export Credit Agency (ECA)-supported facility fronted by Euler Hermes. Closing and delivery of the airplane took place on August 1. The bank is acting as agent and security trustee of the 12-year loan.
(ABZ) commenced services on its 10th route to Saudi Arabia, when it launched flights from its Sharjah (SHJ) base to Hail (HAS) in the NW of the country on August 1st. 3x-weekly flights are operated using the (ABZ)’s fleet of A320s.
Air Arabia (ABZ) introduced Sharjah (SHJ) to Yerevan (EVN) to its route network on August 16. (ABZ) commenced the 2x-weekly service using its A320s to the Armenian capital. The new 1,930 km route is (ABZ)’s only destination in Armenia and is its 63rd destination served from Sharjah. (ABZ) previously operated the route between November 2006 and March 2009. Announcing the return of the route back in July, Adel Ali, Group (CEO) (ABZ) said, “Armenia is rapidly emerging as a must-visit destination for tourists seeking great culture and history alongside fantastic scenery and outdoor activities. Yerevan adds further strength to our already comprehensive network of destinations in Eastern Europe, and continues the rapid route expansion we have enjoyed since the beginning of the year.”
A320-214 (5718, A6-ANR), ex-(D-AVVN) delivery.
September 2013: Air Arabia (ABZ) inaugurated 2 routes to Iran inside a week, launching flights from its Sharjah (SHJ) hub, to Lar (LRR) and Mashad (MHD). (ABZ) commenced operations to Lar, Larestan County’s capital city in Fars Province, on August 25. The new 283 km service is offered 2x-weekly with no competition. Air Arabia (ABZ) also offers services to Mashad, the country’s 2nd largest city, after its latest launch on August 29. (ABZ) utilizes 1 of its 32-strong A320s on the weekly (Thursday), uncompeted 1,273 km sector.
Air Arabia (ABZ) (CEO) Adel Ali, has pointed to the under-served, underexploited West African market as (ABZ)'s next point of focus. In its drive to expand its influence south of the Sahara, (ABZ) will likely position its Moroccan subsidiary, Air Arabia Maroc (AAM) to leverage the Morocco/European Union (EU) "Open Skies" agreement to tap into the vast W African Diaspora market which sees a strong presence in France, Italy, Spain, and the United Kingdom. As it stands, flights between Europe and West Africa are at present dominated by full-service European and (MENA) carriers as well as Kenya Airways (KEN), Ethiopian Airlines (ETH) and Royal Air Maroc (RAM). However, access to the West African nations themselves will involve Air Arabia Maroc (AAM) being accorded traffic rights as per the terms of Morocco's various Bilateral Air Service Agreements. In its recent 4th Quarter 2012 overview of operations, (ABZ) bemoaned the "monopolies" on African skies that were holding back private carriers from developing new markets and noted that its Moroccan subsidiary, in which it owns a 41% stake, with the rest owned by Moroccan investors, was actively pursuing West African traffic rights but did not stipulate which, if any, had so far been secured. Tunisair (TUN), Air Algérie (ALG) and Libya's Afriqiyah Airways (AQY) have all outlined ambitions to launch services into the region while prior to its recent political and subsequent economic troubles, EgyptAir (EGP) had mulled the establishment of a West African subsidiary with the now defunct CiTylinK (CTQ, Accra), which would have been based out of Accra. These plans however appear to have now been put on hold.
(KfW) (IPEX)-Bank has closed financing on 1 new Airbus A320-200 airplane for Air Arabia (ABZ) under an Export Credit Agency-supported facility fronted by Euler Hermes. Closing and delivery of the airplane took place on September 12. The bank is acting as agent and security trustee of the 12-year loan.
According to FAPA.aero, Air Arabia (ABZ) is accepting applications online for A320 First Officers (FC) for its Sharjah base.
October 2013: Air Arabia (ABZ) (CEO), Adel Ali has announced plans to launch flights to China soon. (ABZ) would have been allocated "good" traffic rights for flights to China in the recent bilateral talks between the United Arab Emirates (UAE) and the Chinese government. While Ali did not want to disclose the destinations Air Arabia plans to serve, Urumqi would be a logical 1st choice, given its relative proximity to the (UAE) allowing (ABZ) to operate to the city non-stop with its fleet of A320-200s.
(ABZ) plans to launch its 1st flights to China in early 2014 and is seeking regulatory permission to operate into new markets in West Africa. (ABZ)'s (CEO) Adel Ali said that following successful negotiations between the the (UAE) and Chinese governments, Air Arabia (ABZ) has been granted permission to operate its 1st routes to the People's Republic. But Ali said there are still "a lot of logistical challenges" before the new services can begin.
Without revealing the names of the intended destinations, Ali said they will need to be within a 5x- to 6-hour range of (ABZ)'s Sharjah base. (ABZ) is meanwhile eyeing expansion into West Africa from its Casablanca hub. "We have to get the approval from the Moroccan government to allow us into West Africa," said Ali, adding that the decision will "not be an easy one" for Moroccan authorities, given that it would introduce competition with Royal Air Maroc (RAM), which already operates into several airports in the region.
Air Arabia (ABZ) is also continuing to look at growth opportunities in the (CIS) countries, Russia, Pakistan and Iran, said Ali.
Air Arabia (ABZ) celebrated its 10 year anniversary on October 28th.
To celebrate its 10th anniversary of operations at the end of October, Air Arabia (ABZ) created a special livery for 1 of its 28 Sharjah-based A320s - - SEE PHOTO - - "ABZ-2013-10 - TEN YEARS."
From its base in the (UAE), (ABZ) now connects to >60 airports ranging from Lar in Iran (187 km) to Chittagong in Bangladesh (3,720 km). (ABZ) began operations from its Sharjah base on October 28th 2003 with a flight to Bahrain. Beirut, Damascus, Kuwait and Muscat services were added almost immediately, as (ABZ) sought to replicate the success of low-cost carriers (LCC)s in the USA and Europe. 10 years on, (ABZ) has a fleet of 28 A320s based in Sharjah (and >30 in total) and serves >60 destinations non-stop. During that time, relatively few routes have been dropped, though flights to (ABZ)’s 3 destinations in Syria (Aleppo, Damascus and Latakia) are currently on hold.
Last year, (ABZ) (including its subsidiaries based in Egypt and Morocco) carried 5.3 million passengers, up from 4.7 million in 2011. Since 2006, (ABZ)’s average annual load factor has consistently been between 80% LF and 86% LF, and, most importantly, (ABZ) is highly profitable.
(ABZ)’s biggest routes as measured by Available Seat Kms (ASM)s from its Sharjah base are led by Dhaka in Bangladesh, which is served with 17x-weekly flights. The only destinations served more frequently are Dammam in Saudi Arabia (23x-weekly flights), and Kuwait City (21x-).
SEE ATTACHED - - "ABZ-2013-10 - TOP 15 AT SHARJAH."
A total of 12 destinations on (ABZ)’s Sharjah network are >3,000 km in length, with Chittagong being the longest at 3,720 km. At the other end of the scale 4 destinations are <500 km away; Bahrain (488 km), Doha (386 km), Muscat (351 km) and Lar in Iran (just 187 km).
Adel Ali, (ABZ)’s Group (CEO), said: “10 years ago, we couldn’t have anticipated how rapidly Air Arabia (ABZ) would grow, or how dramatically our pioneering low-cost model would change how, when and at what price people would travel here in the Arab world. As we enter into the second decade, we will continue to work hard to become the most preferred airline serving all airports in the Arab world, stretching from the Atlantic Ocean to the Indian Ocean.”
November 2013: Air Arabia (ABZ) has made Hofuf (HOF) its 10th destination in Saudi Arabia, with the launch of flights there from its Sharjah (SHJ) base on November 18th. The route will be served 4x-weekly by (ABZ)’s A320s. Hofuf becomes (ABZ)’s 87th global destination. Adel Ali Group (CEO), Air Arabia (ABZ), said: “We are delighted to launch the regular service to Hofuf-Al Ahsa’a, which testifies our promise to expand our Kingdom-wide presence. As we are committed to offering our value-for-money services to even more destinations in the Kingdom, we will continue to evaluate opportunities in this vibrant market. That said, we are confident that the increased air connectivity between the (UAE) and Saudi Arabia will further contribute to the ever strengthening social and economic ties between both nations.” (ABZ) currently operates over 80 non-stop weekly flights from its Sharjah hub to Riyadh, Jeddah, Madina, Dammam, Qassim, Yanbu, Taif, Hail, and Abha in Saudi Arabia. The low-cost pioneer also flies >10x-weekly to Riyadh, Dammam, and Jeddah from its Alexandria hub in Egypt.
December 2013: 2 A320-214s (5889, A6-ANT; 5903, A6-ANU), ex-(D-AVVJ & D-AVVQ) deliveries.
February 2014: Air Arabia (ABZ) reported a 2013 net profit of +AED435 million/+$118.4 million, up +2% compared to 2012. This represents a sharp slowdown in profitability compared to the previous year’s figures. Revenue was up +14% to AED3.2 billion year-over-year.
The number of passengers rose 15%, from 5.3 million in 2012 to 6.1 million last year. Load factor was 80% LF, down from 82% LF in 2012.
“We are extremely confident about the long-term fundamentals of the aviation sector in the region and believe we have the right business model, operating base and infrastructure in place to cement our position as the region’s leading low-cost carrier (LCC) operator,” (ABZ) Chairman, Sheikh Abdullah Bin Mohammad Al Thani said. “We will continue to explore opportunities and enter into new ventures that will best serve (ABZ)’s ambitious growth plans and at the same time provide highest returns to our shareholders.”
(ABZ) was the first (LCC) in the Middle East and North Africa (MENA) region. It has since set up subsidiaries in both Egypt and Morocco.
Last year, it added eight destinations to its network: Yerevan (Armenia); Lar and Mashhad (Iran); Baghdad (Iraq); Sialkot (Pakistan); and Abha, Ha’il and Hofuf (Saudi Arabia). It took delivery of seven new Airbus A320s, bringing its fleet to 35. “Air Arabia has enjoyed consistent and sustained growth since launching operations back in October 2003, and our performance in the year of our 10th anniversary was no exception,” Al Thani said.
“The network expansion strategy that has guided (ABZ) for a decade continued to reap rewards in 2013, helping us to once again deliver a strong set of results.”
It expanded further last month, becoming the designated national carrier for another of the (UAE)’s seven constituent Emirates, Ras Al Khaimah.
Air Arabia (ABZ) has signed a strategic partnership with the Department of Civil Aviation (DCA) of Ras Al Khaimah (RAK) in the United Arab Emirates (UAE) to become the Emirate’s designated carrier following the demise of (RAK) Airways in January.
(RAK) Airways, which operated a number of domestic and regional routes, suspended operations at the turn of the year, saying it would re-evaluate future options. (RAK) was launched in 2007 but suspended operations in 2009. It then resumed services in late 2010, and as late as last August was planning major expansion of its network and fleet. However, the appointment of Air Arabia (ABZ) largely seals its fate and would seem to confirm the troubled carrier has gone into liquidation.
With (ABZ) as its official airline, giving the Emirate access to the range of international and regional destinations already served by the carrier, Ras Al Khaimah hopes to be able to reinvigorate its tourism business. It also hopes this new collaboration will act as a key catalyst for the further economic development of the Emirate.
(DCA) (RAK) Chairman Sheikh Salem Bin Sultan Al Qasimi said called the announcement “a natural step in the next stage of Ras Al Khaimah’s aviation development, driven by the emirate’s steady economy, expanding population, growing industrial activity and tourism.” He said he is “confident about the benefits this partnership will bring to the emirate.”
Air Arabia Group (CEO) Adel Ali said: “Joining hands with (DCA), Ras Al Khaimah in this new partnership aims at further developing the aviation industry in the northern Emirates and supporting Ras Al Khaimah’s ambitious economic plans. The Emirate’s tourism sector is witnessing a strong and steady growth and we are optimistic that this will continue to grow in the years to come.” He said the collaboration is “a true reflection of the strength of the (UAE) aviation infrastructure and potential growth.”
(ABZ), which was established in 2003, serves 90 destinations in the Middle East, North Africa, Europe, and the Indian Subcontinent from hubs in Sharjah, Alexandria (Egypt), and Casablanca (Morocco).
March 2014: Air Arabia (ABZ) expanded its presence in Egypt with a new service from its Sharjah (SHJ) base to Cairo (CAI) on February 27th. The 2,419 km sector to the capital of Egypt will be served 3x-weekly, utilizing (ABZ)’s 162Y-seat A320s. (ABZ)’s 4th route to Egypt will face competition from Egyptair (EGP)’s 4x-weekly flights. Commenting on the launch, Adel Ali, (CEO) Air Arabia (ABZ), said: “We are very proud to have launched our inaugural flight to Cairo, marking our 4th destination in Egypt and 90th world wide. This 1st flight marks the start of 3x-weekly flights to Cairo, which is a significant destination for us in terms of strengthening our connectivity with the country and enhancing bilateral ties between Egypt and the (UAE). The addition of Cairo as our latest destination will benefit tourists wishing to explore the historic city, and the rest of the country, as well as providing convenient and affordable flights for Egyptians living in the (UAE) wishing to travel home.”
(ABZ) has made Shymkent (CIT) its 3rd destination in Kazakhstan and its 91st worldwide, adding to its existing operations to Almaty and Astana, to become the only operator in the (UAE) to serve 3 cities in the country. Launched from its base in Sharjah (SHJ) on March 15th, the A320-operated services will be flown 2x-weekly (Wednesdays and Saturdays) and will face no direct competition. “Kazakhstan is a rapidly emerging economy with a very bright future, and we have accordingly prioritized building our route network in the country,” said Adel Ali, Group (CEO) Air Arabia (ABZ). “As 2 major oil producers, there are obvious links between the (UAE) and Kazakhstan, and we also see real potential for broader trade and tourism ties, which makes us confident of the success of this new service to Shymkent.”
April 2014: Air Arabia (ABZ) has released details of its plans to become the de facto carrier for the (UAE) emirate of Ras Al Khaimah. In February, (ABZ) was named designated carrier for Ras Al Khaimah in the United Arab Emirates (IAE) following the demise of (RAK) Airways.
From May 6, Air Arabia (ABZ) will offer Airbus A320 services to 7 routes from (RAK) International Airport to Jeddah (Saudi Arabia); Cairo (Egypt); Muscat (Oman) and Islamabad; Lahore and Peshawar (Pakistan); and Dhaka, Bangladesh. An 8th route, Calicut (India), will follow shortly thereafter.
In February, the airline and the Ras Al Khaimah Department of Civil Aviation signed a long-term strategic partnership to increase the number of destinations accessible to local residents as well as to bring more tourists within reach of the emirate.
May 2014: Air Arabia (ABZ) reported a 1st-quarter net profit of +AED75 million/$20.4 million, up +27% compared to a net profit of +AED59 million in the year-ago period.
Turnover for the quarter was up +14.5% to AED827 million year-over-year.
1st-quarter passenger numbers grew +12% to 1.63 million. Load factor was up +1 point to 81.5% LF year-over-year.
(ABZ) Chairman, Abdullah Bin Mohammed Al Thani said: “Our route, fleet and hub expansion strategy continues to deliver profitability, while bringing ever greater connectivity and flexibility to people across the Middle East and North Africa.”
1st-quarter (RPK)s were up +14.2% to 3.4 billion and (ASK)s increased +12% to 4 billion year-on-year.
In the 1st quarter, Air Arabia (ABZ) agreed to establish its 2nd regional hub in the emirate of Ras Al Khaimah, when it signed a deal to become the designated carrier for that emirate following the demise of (RAK) Airways in January. The 1st Air Arabia (ABZ) flight took off from (RAK) on May 6. This is (ABZ)’s 2nd base in the (UAE) and its 4th worldwide, after Sharjah, Alexandria (Egypt) and Casablanca (Morocco).
Looking forward, Abdulla said: “We remain confident about the long-term prospects for the industry and fully intend to continue spreading our value-for-money philosophy to more destinations and more passengers in the future.”
August 2014: Air Arabia (ABZ) has posted a sharply improved 2nd-quarter performance, which exceeded analysts’ expectations. (ABZ) reported a 2nd-quarter net profit of +AED173 million/+$47 million, more than doubled compared with a net profit of +AED76 million in the year-ago quarter. Turnover, at AED915 million, was +15% up on 2013's 2nd quarter of +AED797 million.
2nd-quarter passenger numbers were up +8% to 1.6 million year-over-year. Load factor was 84% LF.
The results were an all-time high for (ABZ), which it attributed partly to a “dynamic fuel management policy” and close focus on cost management. “Air Arabia (ABZ)’s outstanding start to 2014 has accelerated in the 2nd quarter as the investments made into our operational capacity and cost management have continued to deliver results,” Chairman Sheikh Abdullah Bin Mohammad Al Thani said.
(ABZ)’s 1st-half results also improved sharply, with a 1st-half net profit of +AED248 million compared with +AED134 million for the year-ago period, up +85%.
Turnover for the 1st half was AED1.74 billion, up +15% compared with AED1.52 billion for the same period in 2013. (ABZ) carried >3.36 million passengers, up +11% year-over-year and another record for the company. Load factor for the 1st half was 83% LF, up +1% on the year-ago period.
“We have seen a +11% increase in capacity in the 1st half of this year, yet we have sustained a high average seat factor and seen 1st-half turnover increase by +15%. The average yield for the 1st-half 2014 has also increased by +6%, a record that is not only among the highest in the industry, but that also reflects the true low-cost management practices that Air Arabia (ABZ) follows,” Al Thani said.
“As we look to continue this momentum of business growth in the 2nd half of the year, Air Arabia (ABZ) will remain focused on its ceaseless cost-management operation and dynamic fuel management policies.”
Air Arabia (ABZ) has made Antalya (AYT) its second Turkish destination, in addition to its existing Istanbul Sabiha Gökçen operations. Launched from its Sharjah (SHJ) base on July 29th, the 3x-weekly operation, its 61st destination, will be flown by the (ABZ)’s 162Y-seat A320s. The 2,662 km sector will face no direct competition on the city pair.
A320-214 (6234, A6-AOB), ex-(D-AVVN), delivery.
September 2014: Air Arabia (ABZ) has strengthened its presence at Ras Al Khaimah (RKT) on September 2nd, following the introduction of 3x-weekly services from Chittagong (CGP) in Bangladesh. The coastal city is Bangladesh’s 2nd largest, with a population of >6.5 million, and becomes the 98th destination serviced by (ABZ) and its 2nd in Bangladesh; (ABZ) currently runs 14 weekly flights to Dhaka, the nation’s capital city, every week from its main base in Sharjah, and Ras Al Khaimah. The 3,661 km sector, its 8th from Ras Al Khaimah, will be flown by (ABZ)’s A320s, with no direct competition. The service will actually operate from Chittagong into Ras Al Khaimah on the inside of a W-pattern from Sharjah.
October 2014: News Item A-1: Saudia (SVA) is set to commence its 1st scheduled international services out of Gassim later next year. Schedule data shows (SVA) will connect the central Saudi Arabian town with Dubai International with a 6x-weekly service beginning January 1, 2015. Operations are on-board either A320 or E170 equipment.
Though Air Arabia ((IATA) Code: G9, Sharjah) (ABZ), AlMasria Universal Airlines ((IATA) Code: UJ, based at Alexandria El Nohza) (ALU), flydubai ((IATA) Code: FZ, based at Dubai International) (FDB), Nesma Airlines ((IATA) Code: NE, based at Cairo International) (NSM), Nile Air ((IATA) Code:NP, based at Cairo International) (NLA), Qatar Airways ((IATA) Code: QR, based at Doha Hamad International) (QTA), and Turkish Airlines ((IATA) Code: TK, based at Istanbul Atatürk) (THY) all offer international connections to the airport, Saudia (SVA) has kept its services entirely domestic, offering flights to Dammam, Jeddah, Madinah, and Riyadh.
November 2014: News Item A-1: Air Arabia (ABZ) recorded a 3rd-quarter net profit of +AED251 million/+$68.3 million, up +22% compared to +AED206 million for the year-ago quarter.
For the 3 months ended September 30, the Sharjah-based low-cost carrier (LCC) posted revenues of AED1.06 billion, up +25% compared to AED854 million in the 2013 3rd quarter.
Passenger numbers were up +15% at >1.75 million for the quarter. Load factor stood at 80% LF.
For the 1st 9 months of 2014, net profit reached +AED498 million, up +46% compared to +AED 341 million for the corresponding period of 2013.
Turnover for the year-to-date was AED2.8 billion, an increase of +17% compared to AED2.4 billion in the year-ago period.
(ABZ) served >5.1 million passengers in the 1st 9 months of 2014, a +13% year-on-year increase. Load factor stood at 82% LF.
“(ABZ)’s excellent performance for the year-to-date, demonstrates the strength of its underlying business model and the effectiveness of its growth strategy,” Chairman Sheikh Abdullah Bin Mohammed Al Thani said. “Our focus on expanding both our operational footprint and our route network has created a dynamic platform able to respond to customer demand and seize new commercial opportunities,” he said.
“Despite ongoing political uncertainty in parts of the region (adding to the challenge presented by fluctuating trend in fuel prices) we remain highly confident about the long-term prospects for the industry in the (MENA) region and our ability to march ahead with our growth plans, while delivering our value-for-money promise to our customers,” he concluded.
News Item A-2: Air Arabia (ABZ) celebrated a major milestone with the launch of services to its 100th global destination. Tbilisi (TBS) in Georgia had the distinction of being that destination, when (ABZ) began twice-weekly (Tuesdays and Fridays) flights from Sharjah (SHJ) on October 28th. The 2,066 km route is not served by any other carrier.
News Item A-3: A320-214 (6365, A6-AOD), ex-(F-WWDH) delivery.
January 2015: United Arab Emirates (UAE) low-cost carrier (LCC) Air Arabia (ABZ) has taken a 49% stake in Jordanian carrier, Petra Airlines (PET) and plans to open a new hub at Amman’s Queen Alia International Airport. Sharjah-based Air Arabia (ABZ) has been seeking to start operations in Jordan for some time.
Air Arabia (ABZ) (CEO) Adel Ali said that progress on this front was likely to be delayed until the region’s geopolitical situation improved; both neighboring Syria and Iraq are beset with civil wars.
(ABZ) already has foreign hubs in Alexandria, Egypt, and Casablanca, Morocco. Last year, it also became the designated carrier for the neighboring (UAE) emirate of Ras Al Khaimah.
It has steadily expanded its reach, with an increasing number of services between the Middle East and Russian destinations.
The deal with Petra Airlines (PET), a small carrier that moved from charter to scheduled services in 2012, will see Petra’s current owner, Jordanian travel and transport company, the (RUM) Group, retain a 51% stake.
The new partnership will likely lead to the creation of Air Arabia Jordan (PET) and is designed to increase the parent company’s presence in the Levant region. It is not clear whether the Petra Airlines name will be retained.
Two Airbus A320 airplanes will initially be based at Amman. Again, it is not known at present whether these will be Petra Airline (PET)’s current airplanes in a rebranded format, or whether Air Arabia (ABZ) will move some of its extensive fleet to the Jordanian capital. The Amman-based fleet will grow as business requires and launch routes will be announced in the coming weeks.
A320-214 (6430, A6-AOE), EX-(F-WWBB) delivery.
February 2015: News Item A-1: Air Arabia (ABZ) has announced a return to its previously rapid growth in profits, after a sharp slowdown in 2013.
(ABZ) generated record net profits for the year ended December 31, 2014 of AED566 million/$154 million, up +30% compared to the previous year. Revenue was +17% higher at AED 3.7 billion.
Load factor, at 81% LF, was +1% higher than 2013. (ABZ) carried >6.8 million passengers in 2014, +12% more than 2013. “Our program of expansion into new markets combined with improved operational efficiencies has led to another year of sustained growth and profitability for the airline,” Chairman Sheikh Abdullah bin Mohammad Al Thani said. “The year 2015 continues to witness political uncertainty in some parts of the region and with the current fluctuating fuel prices; the pressure on the global economies is increasing. Despite the regional and global economical and geopolitical challenges, we remain highly confident about the long-term prospects for our business. We have begun this year with the aim of continuing our strategy to expand into new markets and increase our network coverage,” he said.
(ABZ)’s 4th-quarter net profit was +AED68 million, down -28% compared to +AED94 million in the year-ago quarter. The reduction was mainly due to a temporary downward correction in the fuel hedge portfolio.
Fourth-quarter turnover was AED924 million, an increase of +14% compared to AED811 million for the same period in 2013. Passenger traffic reached 1.7 million, an increase of +8% year-over-year.
(ABZ) operates from 5 international hubs, including the United Arab Emirates (UAE) (Sharjah & Ras al-Khaimah), Morocco, Egypt, and Amman, Jordan.
News Item A-2: Air Arabia (ABZ) created a piece of history becoming the 1st low cost carrier (LCC) from the Middle East and Africa to enter the Chinese market. Starting on February 10th, (ABZ) flies non-stop services from its Sharjah (SHJ) base to Urumqi (URC), the largest city in Western China. The 3x-weekly, A320-operated city pair will see the airline face no direct competition on the 3,542-km sector.
March 2015: A320-214 (6481, A6-AOH), ex-(F-WWBS), delivery.
April 2015: News Item A-1: Air Arabia (ABZ) is the 5th largest airplane in the Middle East in terms of fleet size.
Based out of Sharjah International airport in Sharjah, United Arab Emirates (UAE), (ABZ) flew 35 Airbus A320-200s in 2014. (ABZ) plans to grow its fleet to 48 in 2015.
News Item A-2: Low-cost carrier (LCC) Air Arabia Jordan will commence operations from its Amman Queen Alia International Airport base on May 19. The airline, which is a joint venture (JV) between Jordan’s Petra Airways (PET) and Sharjah-based Air Arabia (ABZ), will initially fly to Kuwait City, with services to Jeddah, Erbil, and Sharm El Sheikh starting on each of 3 following days.
Further unspecified destinations will be added to the route network throughout the year.
Air Arabia (ABZ) took a 49% stake in Petra Airlines (PET) in January, creating the new carrier. Managed by Air Arabia (ABZ), the (JV) will follow the carrier’s low-cost business model. “We thank the Jordanian government and aviation authorities for their invaluable support throughout the process of forming Air Arabia Jordan,” Air Arabia (ABZ)’s group (CEO) Adel Ali said. “We are eager to begin operations of Jordan’s latest airline and move a step closer to connecting Jordan and the entire region with affordable air travel.”
Jordan’s important tourism industry has been affected by the civil war raging in neighboring Syria, which has scared off international visitors to the region. “The launch of Air Arabia Jordan will provide a direct boost to the Jordanian economy through the creation of skilled jobs and the opening up of new opportunities for local businesses,” Ali said. “We are confident of the business growth prospects in the kingdom and the wider region as well as the increasing demand for affordable air travel. We look forward to the launch of Air Arabia Jordan operations and to working with our partners to contribute to Jordan’s aviation and tourism growth over the coming months and years.”
May 2015: Air Arabia (ABZ) has recorded a net profit of +AED85 million/+$23 million, up +13% from a net profit of +AED75 million a year ago. The profit was reached on revenue of AED886 million, up +7% compared to AED827 million over the same period in 2014.
Passenger numbers grew +10%, to 1.8 million, in the 1st 3 months of the year. Load factor was 81% LF, down marginally on the 81.5% LF figure recorded in the year-ago quarter.
Chairman, Abdullah Bin Mohammed Al Thani said, “The increase in profits, coupled with continuous growth in seat factors and ever-expanding route strategy, is a reflection of Air Arabia (ABZ)’s sustainable business model.”
The quarter was marked by the creation of its 5th hub, in Amman, Jordan, where it has taken a 49% stake in local carrier Petra Aviation (PET), with the operation re-named Air Arabia Jordan (PET).
Air Arabia (ABZ) also added 8 new routes in the 1st 3 months of 2015: Urumqi (China), Gizan (Saudi), Multan (Pakistan) and Isfahan (Iran) are now served from the main Sharjah hub; Doha (Qatar) and Kathmandu (Nepal) have flights from Ras Al Khaimah; while Naples (Italy) and Montpelier (France) are connected from Casablanca.
With the start of services to Urumqi, western China, (ABZ) has become the 1st low-cost airline from the Middle East and Africa to enter the Chinese market.
“While the regional political uncertainty, combined with the fluctuating oil price, continues to pose additional pressure on the aviation industry, we remain focused on expanding operations and entering new markets,” Al Thani said.
The 1st quarter also saw the introduction of what Air Arabia (ABZ) describes as the 1st loyalty program from a regional low cost carrier (LCC). “Airewards” gives passengers points based on money spent, rather than distance flown, and can be earned on any product or service purchased from the airline.
August 2015: News Item A-1: Air Arabia (ABZ) reported a 1st-half net profit of +AED237 million/+$64.5 million, down -4% compared to the same period last year.
(ABZ) said this slight downturn was “mainly driven by pressured yield margins due to market conditions, as well as a number of strategic investments made by the airline in 1st half 2015 which will begin to fully deliver value in the near future.”
Revenue for the half year was marginally up, to AED1.8 billion from AED1.7 billion year-on-year, while direct costs were down -6% to AED1.4 billion year-over-year.
Passenger numbers for the 1st half were up +9% year-on-year to 3.6 million, and passenger load factor stood at 79% LF.
Air Arabia (ABZ) Chairman Sheikh Abdullah Bin Mohammad Al Thani said: “(ABZ) continues to deliver healthy profit levels and strong passenger growth against a backdrop of challenging market conditions. The 1st half 2015 has seen (ABZ) taking major steps in investing in its growth. We have launched ‘Air Arabia Jordan (PET)’ following the completion of a strategic acquisition, as well as invested in new routes and capacity increases across the group’s operating hubs, which today provide our customers with access to >115 routes across the world.”
Air Arabia Jordan (PET) was launched in the 1st half of 2015, following the acquisition of a 49% stake by Air Arabia (ABZ) in Petra Airlines. Based at Queen Alia International Airport in Amman, it flies to Kuwait, Jeddah (Saudi Arabia), Erbil (in the Kurdistan region of Iraq) and Sharm al Sheikh (Egypt).
For the 2nd quarter ended June 30, net profit was +AED152 million, down -12% on the same period the previous year. Turnover for the quarter was AED860 million, down -6% year-on-year, with (2Q) passenger numbers rising +4% to 1.8 million.
“The economic performance from Russia and (CIS) countries and the impact of oil prices on the global economy in addition to regional political instability have all served to put pressure on yield margins across the entire aviation sector,” Al Thani said. “We are confident that these factors are temporary and will be mitigated in the coming quarters when the long-term investments we have made into the business, come fully on stream.”
Air Arabia (ABZ) added 15 new routes to its network in 1st half 2015, including the 1st operated by an low cost carrier (LCC) from the Middle East and Africa to China, when it launched non-stop services to Urumqi, the largest city in Western China.
This year, (ABZ) has also become the 1st (LCC) in the Middle East and North Africa (MENA) region to launch a rewards program. Called ‘Airewards,’ it awards points based on money spent rather than distance flown.
News Item A-2: Air Arabia (ABZ) has launched services to Tabuk (TUU), which marks (ABZ)’s 13th destination in Saudi Arabia (KSA) and 114th globally. Tabuk is the capital city of the Tabuk Region in NW Saudi Arabia, with a population of over half a million, and is close to the Jordan – Saudi Arabia border. Starting on August 20, (ABZ) will operate services on Tuesdays, Thursdays and Saturdays. Flights will leave (ABZ)’s Sharjah (SHJ) base at 0920 and reach Tabuk at 1120. Return flights will take off from Tabuk on the same day at 1210 and touch down in the (UAE) at 1605.
November 2015: News Item A-1: Air Arabia (ABZ) posted a 3rd-quarter net profit of +AED235 million/+$64 million, down -6% from +AED251 million in the year-ago quarter. 3rd-quarter revenues were slightly up at AED1.1 billion, compared to 1.06 billion last time.
(ABZ), the Sharjah-based low-cost carrier (LCC) said it was continuing to make good progress in the marketplace.
Passenger numbers for 3rd quarter broke the 2 million passenger mark, a gain of +18% on the year-ago period. Average load factor remained static at 80% LF.
Air Arabia (ABZ)’s figures for the 1st 9 months of the year saw it turn in a net profit of +AED472 million, down -5% year-over-year. Turnover reached AED2.87 billion for the 9 months ended September 30, up +2% compared to the year-ago quarter. Passenger numbers increased +11% year-on-year in the 1st 9 months of 2015, reaching 5.7 million.
“Despite increased pressure on yield margins, spare capacity in the market and protracted political uncertainty within the region, Air Arabia (ABZ) continues to deliver strong profits and solid business growth while serving ever-increasing numbers of passengers,” (ABZ) Chairman, Sheikh Abdullah Bin Mohammed Al Thani said.
“The company continued its expansion mode throughout 2015 and we have launched 21 new routes this year. We remain focused on expanding operations and entering new markets, while consolidating our leading position in existing markets, as well as delivering an innovative and appealing product offering to our customers,” he said.
(ABZ)’s strategy includes focusing on developing countries in the former Soviet Union and in Asia. It recently opened its 1st Chinese route, to Urumqi. It also intends to expand capacity to cater for growing demand from the United Arab Emirates (UAE), Morocco and Egypt to Asia, Africa, and Europe.
News Item A-2: Lufthansa Technik (DLH) (LTK) and Saudia Aerospace Engineering Industries (SAEI) (SAU), the maintenance arm of Saudia (SVA), have agreed to a strategic partnership. (DLH) (LTK) will support (SAEI) with Aircraft Component Maintenance for Saudia (SVA)’s Airbus A320s and A330s and assist (SAEI) to develop Maintenance Repair & Overhaul (MRO) capabilities for Airbus (EDS) and Boeing (TBC) airplanes in Jeddah. (DLH) (LTK) will also use (SAEI) as a subcontractor for parts for which (SAEI) already has capabilities. (SAEI) has announced the launch of the largest (MRO) facility in the Middle East.
Separately, Lufthansa Technic (DLH) (LTK) and Air Arabia (ABZ) signed a three-year contract for radome maintenance on A320s. Lufthansa Technic (DLH) (LTK) will also support (ABZ) with spares. And (DLH) (LTK) is now prepared for technical services on the A350XWB. A dedicated entry-into-service (EIS) team is preparing phase-in of Lufthansa (DLH)’s A350XWB, planned to arrive in November 2016.
December 2015: This year, Air Arabia (ABZ) made history by becoming the 1st low cost carrier (LCC) to enter the Middle East to China market, after launching services between its Sharjah base and Urumqi. (ABZ) is the 12th largest of the 13 that serve the market, overtaking Iran Air (IRN).
January 2016: A320-214 (6942, A6-AOL), ex-(D-AUBI) delivery.
February 2016: News Item A-1: Air Arabia (ABZ)'s 2015 net profit fell -6% to 531 million dirhams/$144.69 million although turnover rose slightly.
The Middle East'S first and largest low cost carrier (LCC) said its turnover was 3.8 billion dirhams/$1.04 billion in 2015, +3% up on the previous year, while passenger numbers rose +12% to 7.6 million up from 6.8 million. Load factor dipped -2% to 79% LF. (RPK)s grew +9.4% to 15.1 billion, while (ASK)s were at 18.8 billion, up from 17 billion.
In the fourth quarter, net profit was -13% lower than in 2014, standing at 59 million dirhams/$16.08 million. "The impact of low oil prices continues to have its effect on the wider global economy, while pressure on yields and geo-political uncertainty continued to weigh on the aviation industry," Air Arabia (ABZ) Chairman Sheikh Abdullah bin Mohammad al-Thani said.
"Despite these challenges, Air Arabia (ABZ) once again delivered a strong set of numbers and remains well positioned for future growth in 2016," he added.
(ABZ), which began operations from the emirate of Sharjah in 2003, now has other hubs in Egypt, Jordan and Morocco. (ABZ) operates a fleet of 44 narrow body A320s serving 101 destinations. (ABZ) also has orders for 44 additional A320 aircraft.
(ABZ) operates from five international hubs, including the United Arab Emirates (UAE) (Sharjah & Ras Al Khaimah), Morocco (Casablanca), Egypt (Alexandria), and Jordan (Amman).
April 2016: Air Arabia (ABZ) offers 2x-weekly, Sharjah - Batumi summer service July 2 - September 30.
May 2016: Air Arabia (ABZ) posted a 1st-quarter net profit of +AED114 million/+$31 million, up +34% compared to a +AED85 million net profit in the year-ago quarter.
1st-quarter revenue was AED946 million, up +7% year-over-year (YOY). (ABZ) said the results exceeded analysts’ expectations.
(ABZ) carried 2.1 million passengers in the 1st quarter, traditionally the quietest period of the year, up +17% (YOY). Load factor was steady at 81% LF.
Air Arabia (ABZ) operates from hubs in the United Arab Emirates (UAE), Egypt, Morocco, and Jordan. “(ABZ) has made an excellent start to 2016, maintaining the momentum we established last year and attracting new customers to our brand,” (ABZ) Chairman Sheikh Abdullah bin Mohamed Al Thani said. Factors such as (ABZ)’s operational efficiency and success of its route expansion strategy “leaves (ABZ) well placed to navigate the current macroeconomic challenges and benefit from the many opportunities in the region’s aviation sector,” he said.
In the 1st quarter, (ABZ) announced new routes from its Sharjah HQ to Sarajevo, Bosnia-Herzegovina, and Batumi, Georgia.
August 2016: A320-214 (7226, A6-AOO; 7315, A6-AOP), ex-(F-WWIS & (D-AXAI) deliveries.
October 2016: A320-214 (7425, A6-AOQ), ex-(D-AXAX) delivery.
November 2016: Air Arabia (ABZ) has converted 5 options for Airbus A320s into firm orders, (ABZ) said November 23. The order, for the current A320ceo version, is worth $485 million at book value. The options are additional to (ABZ)’s original order for 44 A320s. The new aircraft will enter service from the 2017 2nd half and delivery of the original contract plus the newly-converted options will be completed next year.
The new order marks the 2nd expansion of the airline’s fleet in 2 months. It recently announced plans to lease 6 A321neos from Air Lease Corporation (ALE). “Air Arabia (ABZ)’s fleet innovation sits at the heart of the airline’s operational efficiency,” (ABZ)’s Group (CEO) Adel Al Ali said. “Today, we operate one of the youngest fleets in the world and this approach will continue to drive our fleet growth strategy for the future”.
(ABZ), which is based in Sharjah, one of 7 emirates that make up the (UAE), operates a multi-hub business. It became the de facto ‘national carrier’ of another (UAE) Emirate, Ras Al Khaimah, in 2014 after the failure of local airline (RAK) Airways. It also has hubs in Alexandria (Egypt), Amman (Jordan) and Casablanca (Morocco).
May 2017: Air Arabia (ABZ) reported a 1st-quarter net profit of AED103 million/$28 million, down -10% compared to net profit of +AED114 million in the (1Q) 2016. Revenue for the quarter was AED810 million, down 14% year-over-year.
(ABZ) said the results exceeded analysts’ expectations, but it had felt the effects of the global squeeze on yields. Nevertheless, (ABZ) had continued to enjoy strong passenger demand and had benefited from cost-control measures already in place.
Air Arabia (ABZ) carried more than >2.1 million passengers between January and March 2017, fractionally ahead of the record number of passengers carried in (1Q) 2016. Load factor in (1Q) 2017 was 81.2%, down 1.4 points from the year-ago quarter.
(ABZ) took delivery of 1 new Airbus A320 in the 1st quarter and operates a fleet of 47 A320s.
Air Arabia recorded strong 1st-quarter results despite the impact of lower yield margins that the industry continued to witness in the first quarter of this year, company Chairman Sheikh Abdullah Bin Mohamed Al Thani said. “The strong measures that we took in driving cost margins lower while optimizing revenue opportunities have proven once again the resilient and dynamic business model that we operate. We continue to witness strong passenger demand and we remain confident of the growth prospects of the low-cost travel segment in the region.
Looking forward, he added: “We believe the market economic and trading conditions are on an improving trajectory and we are optimistic that this will reflect positively on the industry’s performance for the rest of the year.”
(ABZ) added 1 new route from its main hub in Sharjah in (1Q) 2017, to Baku in Azerbaijan. This was followed by the announcement of new seasonal flights from Sharjah to Trabzon, Turkey starting June 2017. In addition, (ABZ) added 1 new route from its operating hub in Morocco between Casablanca and Catania in Italy.
(ABZ) also has operating hubs in Alexandria, Egypt; Amman, Jordan; and Ras Al Khaimah, (UAE).
Click below for photos:
ABZ-A320 - 2013-10
ABZ-A320 - 2015-02
7 +36/1 ORDERS A320-200, 28 EQUIPPED WITH SHARKLETS.
2 A320-211 (CFM56-5A1) (112, /90 A6-ABY "AL HEERA," EX-(MLT), 2003-09; 371, A6-ABX, EX-(SKB) 2003-10, (ILF) 5 YR LSD. 162Y.
9 A320-214 (CFM56-5B4/P) (2158, /04 A6-ABA "AL BDEE'A;" 2166, /04 A6-ABB "WASET;" 2278, /04 A6-ABC "AL RIQA'A;" 2349, /04 A6-ABD "SHARJAH;" 3444, A6-ABK 2008-03 "KHOR FAKKAN;" 3476, A6-ABL, 2008-04; 3802, A6-ABP, 2009-03; 3809, CN-NMA, 2009-03*; 4890, A6-ANG, 2011-10; 5206, A6-ANK, 2012-07), (ILF) LSD. *3809; OPS FOR AIR ARABIA MAROC (AAM) 2009-05. 3166; RF (AAM) 2012-01. 162Y.
1 A320-214 (CFM56-5B4/P) (2678, A6-ABZ), (VUZ) LSD 2008-08. EX-(EC-JPL). 162Y.
3 A320-214 (CFM56-5B4/P) (2712, A6-ABE "AL HEERA" 2006-03; 2764, A6-ABF "AL MANSURA" 2006-04; 2964, /06 A6-ABH "AL KHAN" 2006-11), (TCI) LSD. 162Y.
3 A320-214 (CFM56-5B4/P) (2930, A6-ABG, 2006-10; 3044, A6-ABI "AL LAYYEH"), (TCI) LSD. 162Y.
2 A320-214 (CFM56-5B4/P) (3218, A6-ABJ "KALBA" 2007-08; 3840, A6-ABQ, 2009-04), RBS AEROSPACE LSD. 162Y.
1 A320-214 (CFM56-5B4/P) (3246, A6-ABM), RF LST AIR ARABIA MAROC (AAM) 2011-08. RF LST AIR ARABIA EGYPT (AGP) 2013-01. EX-(SU-AAC). 162Y.
4 A320-214 (CFM56-5B4/P) (3925, A6-ABR, 2009-06; 4061, A6-ABS, 2009-10; 4243, A6-ABT, 2010-03; 4310, A6-ABU, 2010-05), AERVENTURE LSD. 162Y.
3 A320-214 (CFM56-5B4/P) (4468, A6-ANA, 2010-10; 4539, A6-ANC, 2011-01; 4568, A6-AND, 2011-01), 162Y.
1 A320-214 (CFM56-5B4/P) (4806, A6-ANE), EX-(D-AVVY) (2011-08). 162Y.
3 A320-214 (CFM56-5B4/P) (5452, /13 A6-ANO; 6365, /14 A6-AOD, 6430, A6-AOE), EX-(F-WWIM, F-WWDH, & F-WWBB). 162Y.
4 A320-214 (CFM56-5B4/P) (5718, A6-ANR, 2013-08; 5889, A6-ANT, 2013-12; 5903, A6-ANU, 2013-12; 6234, A6-AOB, 2014-08), EX-(D-AVVN) 2013-08. EX-(D-AVVJ & D-AVVQ). EX-(D-AVVN). 162Y.
1 A320-214 (CFM56-5B4/P) (6481, A6-AOH), EX-(F-WWBS) 2015-03. 162Y.
1 A320-214 (CFM56-5B4/P) (6942, A6-AOL), ex-(D-AUBI) 2016-01, 162Y.
3 A320-214 (CFM56-5B4/P) (7226, /16 A6-AOO; 7315, /16 A6-AOP; 7425, /16 A6-AOQ), EX-(F-WWIS, D-AXAI, & D-AXAX), 2016-08/-10). 162Y.
Click below for photos:
ABZ-1-ADEL ALI - 2014-12
ABZ-1-ADEL ALI - CEO
ABZ-1-ADEL ALI - CEO - 2005-10
ABZ-1-ADEL ALI - CEO - 2012-03
SHEIKH ABDULLAH BIN MOHAMMAD AL-THANI, CHAIRMAN.
ADEL ABDULLAH ALI, GROUP CHIEF EXECUTIVE OFFICER (CEO).
Adel Ali, who was awarded the world’s Low Cost Carrier (LCC) “(CEO) of the year” 2007, 2008, 2009 and 2010, has been given credit for setting up the Middle East and North Africa’s first (LCC), Air Arabia (ABZ). Adel has brought over 28 years of strategic aviation, tourism and marketing experience to (ABZ) since the company commenced operations in October 2003. Adel’s distinctive leadership style, vision, skilful management, combined with his charisma, makes him an inspiration to his team and has made Air Arabia (ABZ) the world’s best low-cost carriers (LCC) in 2009.
Adel previously served as VP Commercial & Customer Service for Gulf Air (GUL), where he played a central role in the airline’s recovery. Before that, he spent over >20 years with British Airways (BAB), where he also held senior management positions, including General Manager (Middle East and Africa).
In addition, Adel has served as a Director and a Senior Board Member for a number of companies in the Middle East and Europe. He has been recognized within the industry as a Middle East airline expert and has received awards for his contribution to air transport and tourism in the Middle East and Africa.
Adel’s innovative and globally recognized achievements include creating a successful low-cost business model in the Middle East customized as per the region’s needs, making Air Arabia (ABZ) the Arab World’s largest airline by market value. Adel drove (ABZ)’s growth to become the largest low-cost carrier (LCC) in the Middle East as well as the first publicly owned airline in the Arab World within a span of only seven years. Adel also sits on the board and management of Air Arabia (Maroc) (AAM), based in Casablanca Mohamed V airport serving as Air Arabia’s second hub and Air Arabia (Egypt), based in Alexandria Burj Al Arab Airport serving as Air Arabia’s third hub.
Adel holds an MBA degree from Marlhurst University, Oregon, USA. He received the ‘British Airways Award for Excellence’ and ‘Middle East Tourism Contribution Award’. In 1983 and 1991, he received ‘British Airways Customer Services Award’. In 2007 and 2009 Adel has been awarded the ‘Airline (CEO) of the Year’ by the Aviation Business Magazine. He was named the world’s best (LCC) (CEO) during the World (LCC) Congress 2008. Adel is also the Chairman of Sharjah Information Systems Associates (ISA) and Alpha Sharjah catering.
MOHAMED AHMED, GROUP DIRECTOR OPERATIONS.
JASON BITTER, (CEO) AIR ARABIA MAROC (AAM), EX-(SKP) (2009-07).
DONALD HUBBARD, DIRECTOR FINANCE.
ALI AL HAMDANY, HEAD INFORMATION TECHNOLOGY (IT).
DUNCAN OSBORNE, HEAD MARKETING.
GLENN BURNS, CHIEF PILOT.
A K NIZAR, COMMERCIAL MANAGER & HEAD OF SALES.
ALI FAIROOZ, DIRECTOR SALES & MARKETING.
RACHEL ABRAHAM, HUMAN RESOURCES MANAGER.
JYOTSNA KAUR HABIBULLAH, MARKETING MANAGER.
HARISH MOIDEEN KUTTY, PRICING & REVENUE MANAGER.