Sharjah-based Air Arabia has completed one of the region’s largest single-aisle aircraft orders of 120 Airbus A320 aircraft, valued at more than $14 billion.
This was announced during the Dubai Airshow 2019, following a signing ceremony attended by chairman, Air Arabia, Sheikh Abdullah Bin Mohammed Al Thani and CEO, Airbus, Guillaume Faury.
This new development will more than triple Air Arabia’s current fleet strength, as well as support the carrier’s global network expansion strategy. The order list includes 73 A320neo, 27 A321neo and 20 A321XLR airplanes, all belonging to the A320 family but each bringing exceptional value for Air Arabia in meeting its growth goals.
Delivery is scheduled to commence in 2024 and the Sharjah-based airline has yet to specify the engines to be installed on its new fleet.
Group CEO, Air Arabia, Adel Al Ali declared: “Air Arabia’s fleet growth strategy has always been driven by commercial demand and we are glad to announce today one of the region’s largest single-aisle orders with Airbus to support our growth plans. This new milestone underpins not only our solid financial fundamentals, but also the strength of our multi-hub growth strategy that we have adopted over the years while remaining focused on efficiency, performance and passenger experience.”
He continued: “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. We look forward to working with Airbus and receiving the first delivery.”
Air Arabia’s current fleet consists of 54 Airbus A320 and A321neo-LR. While the A320neo builds on the A320 product line’s position as the world’s most advanced and fuel-efficient single-aisle aircraft family, the A321neo variant provides extended range for the A320neo family’s longest fuselage version.