Air Arabia, the largest low-cost carrier in the Middle East and North Africa, may order new aircraft for its fleet in the near future as newer, more fuel-efficient plane models are introduced by manufacturers, the airline’s chief executive said.
“When we look at new plane orders…we’ll be looking at both Airbus, Boeing and we’re also looking at Embraer,” Adel Ali said in an interview with The National. “We will continue to evaluate, the industry is changing, new technology is coming in, and at the right time we will put an order in.”
Mr Ali declined to provide a time frame for an order or specify the number of planes which might be bought or leased. He said the company was not looking at debt financing at the moment, but that it would take advantage of low interest rates as it has already internationally and locally.
Air Arabia which started its operations in October 2003, flies to over 120 destinations and has more than 40 Airbus A320s with its fleet set to increase by a third plane delivery at the end of this year, followed by three deliveries in 2018 and six the following year.
Second-quarter net profit of the Sharjah-based carrier, the only listed airline in the UAE, increased 21 per cent to Dh158 million on the back of operational efficiencies and cost cuts. Air Arabia served more than 2.05 million passengers in the second quarter.
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Read more:
[ Emirates to decide by year end on Boeing or Airbus multibillion dollar order, says Sheikh Ahmed ]
[ Air Arabia second quarter earnings increase 21 per cent ]
[ Emirates to continue sponsorship of Paris Saint-Germain ]
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The airline’s load factor, or passengers carried as a percentage of available seats, has hovered at about 80 per cent. That figure is expected to remain within the range, despite pressures on yield margins that have affected the profitability of most of the region’s carriers in the wake of increased capacity in the past three years, currency fluctuations and an oil slump that has put a dent in demand, Mr Ali said.
Yields started falling in 2015 across the industry by about 12 per cent and a similar amount the following year and into the first quarter of 2017, Mr Ali said. Etihad Airways reported a $1.87 billion loss in 2016, while Emirates, the largest airline in the world by passenger traffic, reported an 82.5 per cent annual decline in earnings. Low-cost carrier flydubai reported a 69 per cent decline in its 2016 earnings.
“What has happened in terms of this region is that in 2016 there was a massive capacity increase for the whole region,” Mr Ali said. “When you have all the airports over utilized, you put pressure on the yield. When you have pressure on the yield you have to manage the costs better. An airline like us that has [cost management as part of our DNA], we’re in a better position to manage that period.”
Mr Ali attributed the success of Air Arabia weathering the economic downturn to the carrier remaining true to the low-cost model. Unlike competitors like flydubai or Kuwait-based Jazeera Airways, Air Arabia has not introduced a premium service out of its four hubs in Sharjah, Jordan, Egypt and Morocco.
“We are lucky because we are spread enough…so if one region goes down another picks up,” Mr Ali said. “[It’s been] our business model right from the beginning, because we use a simple kind of aircraft there is much more flexibility on the routes.
“Our focus on efficiency is part of our daily work. Because of that we know what part of the business needs to be looked at. [We] have a much easier way of managing, which is what low cost has been made to be, general conventional airlines are a very complex business to manage and therefore it takes longer to do those cost recoveries and restructuring of the business.”
A QUIET PLACE
Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou
Director: Michael Sarnoski
Rating: 4/5
Places to go for free coffee
- Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.
- La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
- Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
- Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
Company profile
Name: Pyppl
Established: 2017
Founders: Antti Arponen and Phil Reynolds
Based: UAE
Sector: financial services
Investment: $18.5 million
Employees: 150
Funding stage: series A, closed in 2021
Investors: venture capital companies, international funds, family offices, high-net-worth individuals
BOSH!'s pantry essentials
Nutritional yeast
This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.
Seeds
"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."
Umami flavours
"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".
Onions and garlic
"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."
Your grain of choice
Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."
Company Profile
Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices
UAE medallists at Asian Games 2023
Gold
Magomedomar Magomedomarov – Judo – Men’s +100kg
Khaled Al Shehi – Jiu-jitsu – Men’s -62kg
Faisal Al Ketbi – Jiu-jitsu – Men’s -85kg
Asma Al Hosani – Jiu-jitsu – Women’s -52kg
Shamma Al Kalbani – Jiu-jitsu – Women’s -63kg
Silver
Omar Al Marzooqi – Equestrian – Individual showjumping
Bishrelt Khorloodoi – Judo – Women’s -52kg
Khalid Al Blooshi – Jiu-jitsu – Men’s -62kg
Mohamed Al Suwaidi – Jiu-jitsu – Men’s -69kg
Balqees Abdulla – Jiu-jitsu – Women’s -48kg
Bronze
Hawraa Alajmi – Karate – Women’s kumite -50kg
Ahmed Al Mansoori – Cycling – Men’s omnium
Abdullah Al Marri – Equestrian – Individual showjumping
Team UAE – Equestrian – Team showjumping
Dzhafar Kostoev – Judo – Men’s -100kg
Narmandakh Bayanmunkh – Judo – Men’s -66kg
Grigorian Aram – Judo – Men’s -90kg
Mahdi Al Awlaqi – Jiu-jitsu – Men’s -77kg
Saeed Al Kubaisi – Jiu-jitsu – Men’s -85kg
Shamsa Al Ameri – Jiu-jitsu – Women’s -57kg
ASIAN RUGBY CHAMPIONSHIP 2024
Results
Hong Kong 52-5 UAE
South Korea 55-5 Malaysia
Malaysia 6-70 Hong Kong
UAE 36-32 South Korea
Fixtures
Friday, June 21, 7.30pm kick-off: UAE v Malaysia
At The Sevens, Dubai (admission is free).
Saturday: Hong Kong v South Korea
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
The Emperor and the Elephant
Author: Sam Ottewill-Soulsby
Publisher: Princeton University Press
Pages: 392
Available: July 11
EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE
Edinburgh: November 4 (unchanged)
Bahrain: November 15 (from September 15); second daily service from January 1
Kuwait: November 15 (from September 16)
Mumbai: January 1 (from October 27)
Ahmedabad: January 1 (from October 27)
Colombo: January 2 (from January 1)
Muscat: March 1 (from December 1)
Lyon: March 1 (from December 1)
Bologna: March 1 (from December 1)
Source: Emirates
UAE currency: the story behind the money in your pockets
SPEC SHEET: NOTHING PHONE (2)
Display: 6.7” LPTO Amoled, 2412 x 1080, 394ppi, HDR10+, Corning Gorilla Glass
Processor: Qualcomm Snapdragon 8+ Gen 2, octa-core; Adreno 730 GPU
Memory: 8/12GB
Capacity: 128/256/512GB
Platform: Android 13, Nothing OS 2
Main camera: Dual 50MP wide, f/1.9 + 50MP ultrawide, f/2.2; OIS, auto-focus
Main camera video: 4K @ 30/60fps, 1080p @ 30/60fps; live HDR, OIS
Front camera: 32MP wide, f/2.5, HDR
Front camera video: Full-HD @ 30fps
Battery: 4700mAh; full charge in 55m w/ 45w charger; Qi wireless, dual charging
Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Google Pay)
Biometrics: Fingerprint, face unlock
I/O: USB-C
Durability: IP54, limited protection
Cards: Dual-nano SIM
Colours: Dark grey, white
In the box: Nothing Phone (2), USB-C-to-USB-C cable
Price (UAE): Dh2,499 (12GB/256GB) / Dh2,799 (12GB/512GB)
Vikram Vedha
Directors: Gayatri, Pushkar
Stars: Hrithik Roshan, Saif Ali Khan, Radhika Apte
Rating: 3.5/5
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
CHATGPT ENTERPRISE FEATURES
• Enterprise-grade security and privacy
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• Longer context windows for processing longer inputs
• Advanced data analysis capabilities
• Customisation options
• Shareable chat templates that companies can use to collaborate and build common workflows
• Analytics dashboard for usage insights
• Free credits to use OpenAI APIs to extend OpenAI into a fully-custom solution for enterprises
Full Party in the Park line-up
2pm – Andreah
3pm – Supernovas
4.30pm – The Boxtones
5.30pm – Lighthouse Family
7pm – Step On DJs
8pm – Richard Ashcroft
9.30pm – Chris Wright
10pm – Fatboy Slim
11pm – Hollaphonic
Specs: 2024 McLaren Artura Spider
Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now