Air Arabia Explained

Airline:Air Arabia
Fleet Size:77
Destinations:81 (excluding subsidiaries)[1]
Iata:G9
Icao:ABY
Callsign:ARABIA[2]
Parent:Air Arabia PJSC
Headquarters:Sharjah International Airport
Sharjah, United Arab Emirates
Frequent Flyer:AirRewards
Revenue: AED 1.9 billion (FY 2020)[3]
Profit: AED -0.2 billion (FY 2020)[4]
Assets: AED 10.574 million (FY 2014)[5]
Equity: AED 5.054 million (FY 2014)
Num Employees:1,353 (Dec 2020)

Air Arabia (Arabic: العربية للطيران al-ʿArabiyya Lit-Ṭayarān) is an Emirati airline with its head office in the A1 Building Sharjah Freight Center, Sharjah International Airport, United Arab Emirates (UAE). The airline operates scheduled services to 170 destinations in the Middle East, North Africa, the Indian subcontinent, Central Asia, and Europe to 22 countries from Sharjah, 28 destinations in 9 countries from Casablanca, Fez, Nador, and Tangier, 11 destinations in 8 countries from Ras Al Khaimah, and 6 destinations in 4 countries from Alexandria. Air Arabia's main base is Sharjah International Airport. There are also operating bases in Ras Al Khaimah and Abu Dhabi as well as in Alexandria and Casablanca.[6]

History

Air Arabia (العربية للطيران) was established on 3 February 2003 by an Amiri decree issued by Sultan bin Muhammad Al-Qasimi, the Ruler of Sharjah and member of the Supreme Council of the United Arab Emirates, becoming the first low-fare airline in the Middle East.[7] The airline started operations on 28 October 2003.[8] The airline broke even during the first year of being in business.[9] It 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. The company reported more than AED 19 billion in Q4 2019.[12] The airline broke even in its first year of operation. Air Arabia consists of a group of airlines and companies offering travel and tourism services across the Middle East and North Africa.

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]

Board MemberTitle
Sheik Abdullah bin Mohammed Al Thani Chairman of the Board
Adel Abdulla Ali Chief Executive Officer and Executive Director
Independent Director
Samer A. KaterjiIndependent Member
Sheikh Khalid Bin Issam Al Qassimi Independent Member
Waleed Al Sayegh Independent Member
Matar Al Blooshi Independent Member

Headquarters

The headquarters is in the Sharjah airport Freight Center,[15] on the property of Sharjah International Airport. The airport is 15km (09miles) 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. 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.[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.

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 any free catering but passengers 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]

Key indicators
Turnover (AED m)Net Profit (AED m)Number of
employees[30]
Number of
passengers (m)
Passenger
load factor (%)
Number of
destinations
Number of aircraft
(at year end)
Notes/sources
2004181N/A0.568153[31]
2005411311.179235
20067491011.880328
20071,2833692.7863711[32]
20082,0665103.6854416[33]
20091,9724524.1804521[34]
20102,083104.5836525[35]
20111,7961954.7826929[36]
20122,8324245.3828233[37]
20133,1834356.18034[38]
20143,7295666.8819039
20153,8255307.67941[39]
20163,7784818.08246[40]
20173,7393651,9008.57950
20184,122−5792,0008.78153
20194,7581,0082,1009.48355
20201,851−1921,3532.97957[41]
20213,1747201,4984.47358[42]
20225,2411,2222,0588.38068[43]
20235,9991,54810.18073 [44]

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]

Destinations

See main article: List of Air Arabia destinations.

As of July 2021, Air Arabia serves up to 120 airports across the Middle East, North Africa, Asia and Europe.[47] [48]

Fleet

Current fleet

The Air Arabia group fleet consists of the following aircraft as of July 2024:[49]

AircraftIn ServiceOrdersOperatorPassengersNotes
Airbus A320-2006838Air Arabia168/174/180
11Air Arabia Maroc
10Air Arabia Abu Dhabi
4Air Arabia Egypt
5Fly Jinnah
Airbus A320neo73TBA
Airbus A321-2003Air ArabiaTBA
Airbus A321neo27[50] TBA
Airbus A321LR6[51] Air Arabia215[52]
Airbus A321XLR20 TBA
Total77120

Fleet development

In November 2017 the airline signed a lease agreement for six A321LR.[53] In April 2019 Air Arabia received its first A321LR.[54] In November 2019 on the Dubai Air Show the airline announced its order of 120 aircraft comprising 73 A320neo, 27 A321neo and 20 A321XLR with deliveries from 2024.[55]

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. 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.[56]

Incidents and accidents

See also

External links

Notes and References

  1. Web site: Air Arabia on ch-aviation . 2023-12-04 . ch-aviation . en.
  2. Web site: Contractions. 2020-12-22. faa.gov.
  3. Web site: Results presentation Q4/20. Air Arabia.
  4. Web site: Results Presentation Q4/20. February 5, 2022. Air Arabia.
  5. Web site: Air Arabia Balance Sheet. GulfBase. 9 June 2015.
  6. News: Directory: World Airlines . . 52 . 27 March 2007.
  7. Web site: Middle East and Africa LCCs: huge growth opportunities, but challenges. 2020-11-24. CAPA - Centre for Aviation. en.
  8. Web site: Air Arabia marks 15th anniversary with new brand identity. 2020-11-24. www.tradearabia.com.
  9. Web site: Air Arabia achieves breakeven in its first year. 2020-11-24. gulfnews.com. en.
  10. News: 27 March 2007 . Directory: World Airlines . 52 . Flight International.
  11. News: The A320 Family: 6,000 deliveries and counting. Airbus Industrie. 10 March 2014. 9 June 2015. https://web.archive.org/web/20150610030425/http://www.airbus.com/newsevents/news-events-single/detail/the-a320-family-6000-deliveries-and-counting/. 10 June 2015. dead.
  12. Web site: February 10, 2020. Air Arabia reports record profit on new routes, improved efficiencies. November 24, 2020. Arabian Business.
  13. Web site: Air Arabia PSJC Bloomberg Profile . . 9 June 2015.
  14. News: Kerr. Simeon. January 17, 2019. Air Arabia files legal case against Abraaj founder. The Financial Times. February 5, 2022.
  15. "Contact Info ." 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" - Arabic : "العربية للطيران الامارات مركز الشارقة لنقل البضائع (الشحن) ،بالقرب من مطار الشارقة الدولي ص. ب. 132 الشارقة، الإمارات العربية المتحدة"
  16. Web site: BEN . Air Arabia Abu Dhabi Launching Flights Next Week . One Mile at a Time . 14 December 2020 . 6 July 2020.
  17. Web site: Etihad Airways announces a new codeshare agreement with Air Arabia Abu Dhabi .
  18. Web site: Armenia's new national airline, formed in a joint venture with UAE's Air Arabia, named Fly Arna. Gulf Business. 2 September 2021.
  19. Web site: Air Arabia announced new Egyptian airline . Airarabia.com . 8 October 2011 . dead . https://web.archive.org/web/20110927152322/http://www.airarabia.com/AirArabiaNewEgypt.html . 27 September 2011 .
  20. Web site: Air Arabia buys 49% stake in Jordan's Petra Airlines. 2020-11-24. gulfnews.com. en.
  21. Web site: Jordan's aviation market is set for a major shake-up as Air Arabia Jordan enters. 2020-11-24. CAPA - Centre for Aviation. en.
  22. Web site: 20 airlines that have folded this year. 2020-11-24. The National. 7 April 2019 . en.
  23. Web site: 2017-01-25. Air Arabia Maroc is Morocco's third largest carrier with 6.7% of seat capacity; Casablanca remains #1; four new airports join network. 2020-11-24. anna.aero. en-GB.
  24. Web site: Air Arabia's Morocco base to open in 2009. 2020-11-24. CAPA - Centre for Aviation. en.
  25. Web site: 2008-01-21. Yeti Airlines goes international, Orient Thai comes to Nepal. 2020-11-24. The Himalayan Times. en-US.
  26. Web site: Air Arabia and Pakistani group to launch budget airline 'Fly Jinnah' - News _ Khaleej Times . www.khaleejtimes.com.
  27. Web site: Air Arabia Menu. 7 July 2021.
  28. Web site: Frequently asked Questions: Smoking and drinking . AirArabia.com . 15 December 2020.
  29. Web site: Investor Relations Air Arabia . 2023-11-11 . www.airarabia.com.
  30. Web site: Annual reports Air Arabia . 2023-11-12 . www.airarabia.com.
  31. Web site: Air Arabia Investor Presentation . 9 June 2015.
  32. Web site: Air Arabia Investor Presentation 2007 . 9 June 2015.
  33. Web site: Air Arabia Investor Presentation 2008 . 9 June 2015.
  34. Web site: Air Arabia Investor Presentation 2009 . 9 June 2015.
  35. Web site: Air Arabia Investor Presentation 2010 . 9 June 2015.
  36. Web site: Air Arabia Investor Presentation 2011 . 9 June 2015.
  37. Web site: Air Arabia Investor Presentation 2012 . 9 June 2015.
  38. Web site: Air Arabia Investor Presentation 2013 . 12 September 2020.
  39. Web site: Results presentation FY 2019 . 9 June 2015.
  40. Web site: FINANCIAL RESULTS Q4/FULL YEAR 2017 . 2 November 2018.
  41. Web site: Results Presentation Q4/FY 2020 . 5 February 2022.
  42. Web site: Investor Presentation 2021 . November 11, 2023 . Air Arabia.
  43. Web site: Investor Presentation 2022 . November 11, 2023 . Air Arabia.
  44. Web site: Investor Presentation FY2023 . 17 March 2024 . Air Arabia.
  45. Web site: Air Arabia posts $56m losses after virus impact despite Q4 uptick. 10 February 2021. Arabian Business.
  46. Web site: Air Arabia sees 52% lower profits in Q1. 10 May 2021. Zawya.
  47. Web site: Destinations - Air Arabia . Air Arabia . 19 December 2013.
  48. Web site: Air Arabia adds Cairo as its 90th Worldwide Destination. IANS. news.biharprabha.com. 1 March 2014.
  49. Airbus Orders and Deliveries (XLS), monthly updated, accessed via Web site: Orders & deliveries . Airbus . Airbus SAS . 25 December 2022.
  50. Web site: André Orban . 2019-11-18 . Air Arabia orders 120 Airbus A320neo Family aircraft, including 20 A321XLRs . 2019-11-18 . Aviation24.be . en-GB.
  51. Web site: Air Arabia Fleet . Air Arabia . 25 December 2022.
  52. Web site: Air Arabia leases six new Airbus A321neo LR aircraft to serve longer range routes. 14 November 2017. 29 March 2018.
  53. Web site: Air Arabia leases six new Airbus A321neo LR’ aircraft to serve longer range routes . 2023-11-11 . Air Arabia leases six new Airbus A321neo LR’ aircraft to serve longer range routes . en.
  54. Web site: Wenzel . Nick . 2019-04-13 . Air Arabia receives its first Airbus A321LR . 2023-11-11 . International Flight Network . en-GB.
  55. Web site: Results Presentation Q2 / H1 2023 . November 11, 2023 . Air Arabia.
  56. Web site: Air Arabia introduces new livery . Flightglobal.com . 2 November 2018.
  57. News: Benny. John. January 11, 2022. Final report on plane taking off from wrong runway in Sharjah released. The Gulf News. February 5, 2022.