Found in: Airlines of the United Arab Emirates
Air Arabia is a low-cost airline based in Sharjah in the United Arab Emirates. It operates scheduled services to 40 destinations in the Middle East, North Africa, the Indian subcontinent and Central Asia. Its main base is Sharjah International Airport. Air Arabia is a member of the Arab Air Carriers Organization.
Air Arabia ( ) was established on February 3, 2003 by an Emiri decree issued by Dr. Sheikh Sultan Bin Mohamed Al Qassimi, the Ruler of Sharjah and Member of the Supreme Council of the United Arab Emirates becoming the first low-fare airline in the region. The airline started operations on October 28, 2003 with the first flight from Sharjah, UAE to Bahrain International Airport. It issued a successful initial public offering for 55% of its stock early in 2007..
New Hubs;North Africa:
Air Arabia plan to setup a secondary hub in the Moroccan capital Rabat that will allow them to expand in Europe and Africa, they signed a management agreement with Regional Air Lines, a private carrier in Morocco for this purpose.
Air Arabia will take over management of the airline and apply its business model to it. In addition, Air Arabia and Bahrain-based Ithmaar Bank will invest capital in the Moroccan airline [*].;South Asia:
Air Arabia opened new hub in Nepal's capital Kathmandu to serve Asia and the Middle East.This followed the signing of a joint venture agreement between Air Arabia and Yeti Airlines, the market leader in domestic air travel in Nepal and approval from Nepal Government's Department of Industries (DOI).
Under the terms of the agreement, Air Arabia and Yeti Airlines established a new low-cost carrier, called Fly Yeti based in Kathmandu that provided affordable and convenient service to a broad range of international destinations.
Due to uncertain political and economic situation previaling in Nepal, FlyYeti operations were suspended since early 2008.
The Air Arabia fleet consists of the following aircraft as of July 2008: