Air Arabia places $14bn order for 120 Airbus A320 aircraft
Sharjah-based Air Arabia yesterday announced an order for 120 Airbus A320 Family aircraft during Dubai Airshow 2019. The new orders are for 73 A320neo, 27 A321neo and 20 A321XLR airplanes. Delivery is scheduled to commence in 2024, but the company is yet to specify the engines to be installed.
The deal, whose total book value exceeds US$14 billion (list price), will more than triple Air Arabia’s current fleet strength as well as support the carrier’s global network expansion strategy. The deal was signed by Air Arabia’s Chairman Sheikh Abdullah Bin Mohammed Al Thani and Guillaume Faury, Chief Executive Officer of Airbus.
Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: “The addition of the A320neo, A321neo and A321XLR complements our existing fleet and allows us to expand our service to farther and newer destinations while remaining loyal to our low-cost business model.” Air Arabia’s current fleet consist of 54 Airbus A320 & A321neo-LR.
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