Air Arabia today announced that it has ordered 120 aircraft from the Airbus A320 family.
Air Arabia said in a statement yesterday that the total purchase value of the order, which was attended by the signing ceremony of the Chairman of the Board of «Air», Sheikh Abdullah bin Mohammed Al Thani, and CEO of the European Airbus, Geum Fawry, exceeds 14 billion dollars. (AED 51.4 billion) (book value).
Strengthen the fleet
Air Arabia said the order would triple its existing fleet strength and support the airline's strategy to expand its global network.
The new orders include 73 A320neo, 27 A321neo and 20 A321XLR aircraft.
While all aircraft belong to the Airbus A320 family, each of them has an exceptional value that supports the airline's pursuit of its growth goals.
Air Arabia said it was due to start delivery of the aircraft in 2024;
A huge deal
“We are delighted to announce one of the largest single-aisle aircraft deals in the region with Airbus to support our growth plans,” said Adel Al Ali, CEO of Air Arabia. “This new achievement demonstrates the strength of our financial fundamentals and the multi-centric growth strategy we have adopted over the years, with a focus on efficiency, operational performance and value added.”
Al Ali added that the addition of Airbus models to the order complements our existing fleet and allows us to expand our services to new destinations while maintaining our business model.
Airbus Chief Commercial Officer Christian Shearer said the order was important and allowed Air Arabia to benefit from new markets, stressing Airbus' commitment to supporting the rapid expansion of Air Arabia and the region's aviation sector.
According to Air Arabia, the A321XLR will expand Air Arabia's fleet of single-aisle aircraft, due to enter service in 2023, making Air Arabia one of the first owners of the aircraft. .
The A321XLR has an eight-hour flight capability, optimal environmental performance, lower fuel burn per seat, low noise footprint and low carbon emissions.
Air Arabia currently flies to more than 170 destinations in 50 countries from its four hubs.
Air Arabia fleet
Air Arabia's current fleet includes 54 Airbus A320 and A321neo-LR aircraft. Air Arabia is the first airline in the Middle East to operate Airbus A321neo LR aircraft. It currently operates three of these aircraft, with three more to join in 2020.