Air Arabia files legal case against #Abraaj founder | Financial Times

Air Arabia files legal case against Abraaj founder | Financial Times:

Air Arabia has launched legal proceedings against Abraaj founder Arif Naqvi, the first case brought by a publicly listed company in relation to the collapse of the Dubai-based private equity group.

The Sharjah-based low-cost airline in an exchange filing to the Dubai market said it had filed a misdemeanour case against Mr Naqvi, following arbitration measures taken by Air Arabia last year.

Air Arabia said that while the issue had no impact on its operations, it remained “committed to protect its investment and business interest”.