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FINANCIAL NEWS
Air Arabia secures USD350m financing to buy 10 Airbus A320 planes
21 May 2013
(MENAFN) Sharjah-based Air Arabia stated that it has inked a USD350 million financing deal with two GCC banks to fund the purchase of new planes, reported Arabian Business.
The low-cost airline added that the financing facility will provide the company with the needed money to acquire the 10 Airbus A320 jets.
The UAE’s only publicly-listed airline added that the purchase is part of a larger order for 44 A320s placed with the European plane maker in 2007.
It is worth noting that during the first quarter, Air Arabia’s net profit jumped by 20 percent from a year before to USD16.06 million.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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