Monday, November 8, 2010

UPDATE: Air Arabia CEO: To Invest $3.6B On New Aircraft Orders

Air Arabia (AIRARABI.DFM) plans to invest as much as $3.6 billion in 44 new aircraft over the next three years as the Sharjah-based low cost carrier continues to pursue regional expansion plans, the carrier's chief executive officer said Monday.

"We bought a total of 44 planes and expect to receive them in the coming three years. This will expand our fleet to total......

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