Air Arabia

Air Arabia

IATA ICAO Callsign G9 ABY ARABIA
Founded	3 February 2003
Commenced operations	28 October 2003
Hubs	Sharjah International Airport Ras Al Khaimah International Airport Borg El Arab Airport Mohammed V International Airport
Frequent-flyer program	Airewards
Alliance	Arab Air Carriers Organization
Subsidiaries	Air Arabia Egypt Air Arabia Maroc Air Arabia Jordan
Fleet size	36
Destinations	115
Company slogan	Pay less Fly more
Parent company	Air Arabia (PJSC) holding company, listed on the Dubai Financial Market.
Headquarters	Sharjah International Airport Sharjah, United Arab Emirates
Key people	Abdullah bin Mohammed Al Thani(Chairman) Adel Ali (Group CEO) Paul Suckling (Group CFO)
Revenue	AED 3.7 billion(FY 2014)[1]
Profit	AED 566 million(FY 2014)[1]
Total assets	AED 10.574 million (FY 2014)[2]
Total equity	AED 5.054 million (FY 2014)[2]
Employees	2,302 (Dec, 2013)[3]
Website	www.airarabia.com

Air Arabia (Arabic: العربية للطيران‎‎) is a low-cost airline with its head office in the Sharjah Freight Center, Sharjah International Airport, in Sharjah, United Arab Emirates.

The airline operates scheduled services to 51 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.

Its main base is Sharjah International Airport. What distinguishes Air Arabia from many low cost carriers is that it offers connections to many flights at its base in Sharjah. Air Arabia also has a hub in Ras Al Khaimah and focus cities in Alexandria and Casablanca.^[4] Air Arabia is a member of the Arab Air Carriers Organization.

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 region. The airline started operations on 28 October 2003 with the first flight from Sharjah, UAE to Bahrain International Airport. The airline was profitable from the first year of being in business. It launched an initial public offering for 55% of its stock early in 2007.^[4]

Corporate affairs

An Air Arabia Airbus A320-200 approaching Toulouse–Blagnac Airport (2012)

Management and ownership

Air Arabia launched in October 2003 and was the first Low Cost Carrier in the Middle East. The airline was listed on the Dubai Financial Market and traded under ticker symbol: (DFM: AIRARABIA) is now a holding company with assets worth over AED 10 billion. The airline began generating a profit in the first year of operation. Air Arabia today consists of a group of airlines and companies offering travel and tourism services across the Middle East and North Africa.

The board of directors consists of 7 members. The current board was elected in March 2014 for a period of 3 years. Arabia closely monitors its boards actions and discourages the trade of shares within the board members. In 2014 the board members did not participate in any trade of Air Arabia Shares.^[5]

As of the March 2014 Annual General Meeting the board members consist of the following members:^[6]

Headquarters

The headquarters is in the Sharjah airport Freight Center,^[7] on the property of Sharjah International Airport. The airport is 15 kilometres (9.3 mi) away from central Dubai.

Joint ventures

An Air Arabia Airbus A320-200 (2012)

Air Arabia has created joint ventures at three international bases. The following countries have had or still do have JV airlines based there:

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.^[8] The airline received its operating license on 22 May 2010, with commercial flights beginning 1 June 2010. The fleet in Egypt consists of three aircraft, two operating a scheduled service and one carrying charter traffic from Europe to the Red Sea.

Jordan

In January 2015 Air Arabia announced the acquisition of a 49% stake in Petra Airlines. The principal shareholder of Petra Airlines, the RUM Group, retain a 51% stake in the airline, which will be rebranded as Air Arabia Jordan in early 2015. It will initially operate 2 Airbus A320 aircraft and there are plans to develop a new hub in Amman.^[9] First flights of this new airline took place during week commencing 18 May 2015, with launch destinations being Kuwait, Sham el Shiekh, Erbil, and Jeddah.

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; it began operations on 6 May 2009, allowing them to expand into Europe and Africa.

The Maroc fleet consists of four aircraft serving mainly European destinations.

Nepal

Fly Yeti (2007–2008) - In 2007, Air Arabia opened a base in Nepal's capital Kathmandu to serve Asia and the Middle East, with the signing of a joint venture agreement with Yeti Airlines, establishing a low-cost carrier, called Fly Yeti that provided service to an international destinations. Due to the uncertain political and economic situation prevailing in Nepal and lack of local government support, FlyYeti operations were suspended in 2008.

Business trends

The key trends for Air Arabia over recent years are shown below (as at year ending 31 December):^[10]

Destinations

As of December 2014, Air Arabia serves 100 airports across the Middle East, North Africa, Asia and Europe, with the latest being Cairo, Egypt.^[18][19]

Below is a table of the number of drect destinations served from each Air Arabia operating base as of 31 May 2015:

Fleet

The Air Arabia fleet consists of the following aircraft (as of August 2016):^[20]

Notes

In March 2014 Airbus delivered its 6000th A320 family aircraft to Air Arabia^[21]

Livery

Air Arabia has had the same livery design since its founding in 2003. The aircraft body is painted in three different colors red, grey and white. The tail and each aircraft engine bears the company logo of a Gull.

Services

Airewards

In the second quarter of 2015 Air Arabia rolled out Airewards program which is the first loyalty programme by a Low Cost Carrier in the Middle East and North Africa region. The Airewards model is based on the price paid towards Air Arabia services rather than the distance of the flight. Points can be earned on any goods or services spent towards the airlines while travelling through its UAE or Morocco base. This online loyalty programme offers flexibility when redeeming points, with the availability of a variety of payment and reward options, without any blackout dates or limitations on availability.^[22]

Points can be earned and shared with anyone, Airewards act like a currency with 100 points equal to USD one. Points can be redeemed for:^[23]

Accidents and incidents

As of July 2016, Air Arabia has not had any fatal accidents or incidents and has a very good safety record.

• 2 November 2013: An Air Arabia Airbus A320-200, registration A6-ANH operating as flight G9-522 from Chittagong to Sharjah with 161 people on board, was climbing from Chittagong when an engine (CFM56) ingested a bird prompting the crew to return to Chittagong for a safe landing.^[24]
• 16 March 2014: An Air Arabia Airbus A320-200, registration A6-ANL operating as flight G9-454 from Sharjah to Kozhikode with 171 passengers and 6 crew, was en route over the Arabian Sea southwest of Mumbai when the crew received a smoke indication in one of the cargo holds. The aircraft diverted to Mumbai for a safe landing. Attending emergency services found no trace of fire, heat or smoke.^[25]
• 3 May 2014: An Air Arabia Airbus A320-200, registration A6-ABQ operating as flight G9-551 (dep 2 May) from Sharjah to Sialkot with 162 passengers, was en route at FL370 near Multan when the crew needed to shut down the left hand engine (CFM56) and diverted to Multan for a safe landing.^[26]
• 30 May 2014: An Air Arabia Airbus A320-200, registration A6-ANQ operating as flight G9-522 from Chittagong to Sharjah with 137 people on board, was climbing from Chittagong's runway 23 when the crew stopped the climb at 7000 feet due to problems with the cabin pressurization and returned to Chittagong for a safe landing on runway 23 about 15 minutes after departure.^[27]

See also

References

External links

Wikimedia Commons has media related to Air Arabia.

• Official website

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