DUBAI — Adel Ali, Chief Executive Officer of Air Arabia, revealed that his company plans to increase the number of aircraft operating in the UAE at an annual rate of four to five.
In an interview with CNBC Arabiya, Ali stressed that there is no reduction in the expansion plans for Air Arabia as approved by the company in its five-year plan.
These expansion plans include four new planes to enter service into 2009 and the opening of a major station for the company in
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Ali also predicted that the Low-Fare airline industry will perform very well in 2009, due to the global economic situation and the trend of cost-cutting. These factors supplement the positive impact of lower fuel prices and the diverse range of nationalities living in the