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Tuesday, 9 May 2017

Air Arabia Fleet Growth Back on Agenda as Morocco Leads Rebound - Bloomberg

Air Arabia Fleet Growth Back on Agenda as Morocco Leads Rebound - Bloomberg:

"Air Arabia PJSC has renewed plans that were put on hold after a dip in demand to expand its fleet, with the biggest discount carrier in the Persian Gulf and North Africa encouraged by rebounding sales at its Moroccan unit.

The airline, an Airbus SE A320 operator, could reach a decision on new jets as early as this year or into 2018, Chief Executive Officer Adel Ali said in an interview in Sharjah, United Arab Emirates, where it is based.

Air Arabia’s net income fell 10 percent to 103 million dirhams ($28 million) in the first quarter, extending declines from last year as the low oil price weighed on Gulf economies, the Egyptian pound fell and concerns about terrorism hurt demand. Bookings from Morocco, which last suffered a major attack in 2011 but remains subject to foreign advisories, suggest the situation is easing, Ali said."



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