Air Arabia intends to expand its flights to Southeast Asia, Australia and Africa.
Adel Ali, CEO of the company, said that Air Arabia is also seeking to expand to locations in Europe that see opportunities in the market, according to.
In an effort to expand continuously, he confirmed in an interview with Bloomberg Agency that the company is in talks with potential Gulf and international investors.
He indicated that the company is open to all options, noting that the company needs to order up to 100 new aircraft by the second quarter of this year.
He explained that the company is currently in talks with Boeing and Airbus to obtain the best possible deal.
The company recently disclosed that it recorded a net profit of 26 million dirhams during the fourth quarter of 2018, and its revenue during that period increased to 1 billion dirhams, an increase of 20% over the same period of 2017 .
The number of passengers traveling on the airline's aircraft increased by 5% to more than 2.1 million passengers in the last quarter of 2018, registering a high rate of seat occupancy, the ratio of the number of passengers to the number of seats available is 81%.
