Air Arabia mulls $11bn aircraft order

11/03/2018 08:02 AST

Air Arabia has unveiled plans to order 100 narrow-body planes at list prices before the end of the year, a deal estimated to be valued at $11 billion, said a report.

Air Arabia currently operates a fleet of 50 Airbus SE A320 jets and is looking at the upgraded Neo version, while also seriously considering Boeing Co.'s rival 737 Max, said a report in The National citing the airline's chief executive Adel Ali.

Bombardier Inc.'s C Series plane is also in the running as the carrier moves to renew its fleet after full-year profit jumped 29 per cent in 2017 to a record Dh631 million($171.7 million), the report said.


Trade Arabia

News

Air Arabia Egypt to launch flights between Sohag, Jeddah

20/03/2018

Air Arabia Egypt said on Monday it will launch direct flights between the Egyptian city of Sohag and Jeddah in Saudi Arabia from March 20, 2018. The airline, which is based in Sharjah but with four o

Gulf News

Air Arabia shareholders approve 10% cash dividend

14/03/2018

Air Arabia's shareholders on Tuesday approved the distribution of a 10 per cent cash dividend for the 2017 financial year during the company's annual general meeting.

The dividend, which is

Gulf News

Air Arabia planning 100-jet deal for Airbus A320s or Boeing 737s

07/03/2018

Air Arabia's expansion could see the biggest discount carrier in the Gulf and North Africa order 100 narrow-body planes worth $11 billion (Dh40.39 billion) at list prices before the end of the year.<

Gulf News

Most Viewed Companies

Ticker Price Volume
ARABIANMILLS 59.20 625,755
NAYIFAT 13.94 229,739
RASIYAT 384.00 1,076,197
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABC 0.35 370,000
DIC 2.07 2,049,713

Valuation

AIRARABIA Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
PAPER 191.00 0.00 (0.00%)
DIC 2.07 -0.01 (-0.49%)
AGLTY.DFM 2.86 -0.05 (-1.72%)
AGLTY 234.00 1.00 (0.42%)
NIND.DFM 5.00 0.00 (0.00%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap