Air Arabia places $14 billion order for 120 Airbus A320 family aircraft
New orders include a mix of Airbus A320neo, A321neo and A321XLR aircraft
Air Arabia, the Middle East and North Africa’s low cost carrier, has set a milestone with aircraft orders of 120 Airbus A320 Family aircraft.
Announced during Dubai Airshow 2019, the signing ceremony was attended by Air Arabia’s chairman, Sheikh Abdullah Bin Mohammed Al Thani and Airbus’ CEO, Guillaume Faury.
The deal’s total book value exceeds US$14 billion. Orders are for 73 A320neo, 27 A321neo and 20 A321XLR airplanes, all belonging to the A320 family. 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.
Air Arabia’s group CEO, Adel Al Ali 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. We look forward to working with Airbus and receiving the first delivery.”
Airbus’ chief commercial officer, Christian Scherer said: “We are delighted to expand our partnership with Air Arabia; this is a great endorsement for the A320neo Family which will allow the airline to tap into new markets. We are committed to supporting the fast expansion of Air Arabia and the region.”