The airline started operations on 28 October 2003.[8] It broke even during its first year in business,[9] and launched an initial public offering for 55% of its stock early in 2007.[10]
In March 2014, Airbus delivered its 6000th A320 family aircraft to Air Arabia.[11]
Corporate affairs
Management and ownership
Air Arabia launched in October 2003 and was the first low-cost carrier in the Middle East.[8] The company reported more than AED 19 billion in Q4 2019.[12] The airline broke even in its first year of operation.[9] Air Arabia consists of a group of airlines and companies offering travel and tourism services across the Middle East and North Africa.[7]
As of March 2014, Annual General Meeting, the board members consisted of the following members:[13]
In 2019, Air Arabia filed a misdemeanour case against Arif Naqvi, the Pakistani founder and CEO of private equity firm Abraaj Capital following arbitration measures taken by it in 2018. Naqvi was also a Director of Air Arabia until 2018, and the airline was one of Abraaj’s unsecured creditors with a loan of $75 million in default.[14]
The headquarters is in the Sharjah airport Freight Center,[15] on the property of Sharjah International Airport. The airport is 15 kilometres (9.3 mi) away from central Dubai.
Subsidiaries
Abu Dhabi
Air Arabia Abu Dhabi (2020–present). The airline was launched on 14 July 2020 after the signing of an agreement between Etihad Airways and Air Arabia.[16] Air Arabia Abu Dhabi will support the network of destinations and services provided by Etihad Airways, and in turn will meet the needs of the low-cost and growing travel sector in the region.[17]
Armenia
Fly Arna (2021–present). In September 2021, Air Arabia announced a joint venture with the Armenian National Interests Fund (ANIF) to launch a new national airline called Fly Arna. Fly Arna will operate as a low-cost passenger airline with Yerevan’s Zvartnots International Airport (EVN) as its base.[18]
Egypt
Air Arabia Egypt (2010–present). On 9 September 2009, Air Arabia announced Air Arabia Egypt as a joint venture with Egyptian travel and tourism company Travco Group to be based in Alexandria, Egypt.[19]
Jordan
Air Arabia Jordan (2015–2018). In January 2015 Air Arabia announced the acquisition of a 49% stake in Petra Airlines.[20] The principal shareholder of Petra Airlines, the RUM Group, retains a 51% stake in the airline, which will be rebranded as Air Arabia Jordan in early 2015.[20] The first flights of the new airline took place during the week commencing 18 May 2015, with launch destinations being Kuwait, Sharm El Sheikh, Erbil, and Jeddah.[21] Air Arabia Jordan ended operations in 2018.[22]
Morocco
Air Arabia Maroc (2009–present). Air Arabia, in a joint venture with Moroccan investors, established Air Arabia Maroc and set up a secondary base in Morocco's largest city, Casablanca.[23] It began operations in May 2009, allowing Air Arabia to expand into Europe and Africa.[23][24]
Nepal
Fly Yeti (2007–2008). In 2007, Air Arabia opened a base in Nepal's capital Kathmandu to serve Asia and the Middle East, after signing a joint venture agreement with Yeti Airlines.[25] It established a low-cost carrier, Fly Yeti that provided service to international destinations.[25]
Pakistan
Fly Jinnah (2021–present). In September 2021, Air Arabia announced a joint venture with Pakistani conglomerate Lakson Group to launch a low cost airline called Fly Jinnah. This will be a budget carrier serving domestic and international routes from Pakistan.[26]
Service concept
Air Arabia does not provide free catering but passengers can purchase catering onboard or in advance.[27] The airline does not, however, serve alcoholic beverages on its flights.[28]
Business trends
The key trends for Air Arabia over recent years are shown below (as at year ending 31 December):[29]
As the pandemic hit airline services, Air Arabia reported a net loss of AED192 million ($56.2 million) in 2020. Also, the turnover for Q4 of 2020 was 53% below Q4 of 2019.[45] The airline’s net profits in Q1 of 2021 fell by 52% to AED 33.844 million. Also, revenue generated in Q1 of 2021 was AED 572.145 after witnessing major drop from AED 901.374 million in Q1 of 2020.[46]
In November 2017 the airline signed a lease agreement for six A321LR.[54] In April 2019 Air Arabia received its first A321LR.[55] In November 2019 on the Dubai Air Show the airline announced its order of 120 aircraft comprising 73 A320neo, 27 A321neo and 20 A321XLR[50] with deliveries from 2024.[56]
Livery
Air Arabia has a livery with the aircraft body being painted in three different colors red, grey, and white. The tail and each aircraft engine bear the company logo of Sharjah in the form of a bird. Celebrating 15 years of service in October 2018, a new livery was introduced and was applied to the whole fleet.[57] The updated logo features a large red bird logo coming down from tail to rear fuselage with grey accents behind its wings and billboard-style AirArabia title in English on the front of aircraft with small Arabic title placed next to it above the windows, bird logo also adorns the engines while title in applied on red winglets.[57]
Incidents and accidents
In September 2018, an Air Arabia Airbus A320 (registered A6-ANV), operating flight ABY 111 from Sharjah International Airport to Salalah International Airport, was investigated by the Air Accident Investigation Sector of the UAE due to the co-pilot turning the wrong direction on the runway. The aircraft took off from the opposite direction to the direction they had been cleared to.[58]
^"Contact InfoArchived 20 October 2012 at the Wayback Machine." Air Arabia. Retrieved on 21 June 2010. "Air Arabia (UAE) Air Arabia Head Quarters Sharjah Freight Center (Cargo), at Sharjah International Airport P.O. Box 132 Sharjah, United Arab Emirates" - ArabicArchived 18 September 2013 at the Wayback Machine: "العربية للطيران الامارات مركز الشارقة لنقل البضائع (الشحن) ،بالقرب من مطار الشارقة الدولي ص. ب. 132 الشارقة، الإمارات العربية المتحدة"
