Air Arabia is a leading low-cost carrier based at Sharjah International Airport. Established in 2003 pursuant to an Emiri Decree issued by His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Company was later incorporated as a limited liability company.
Since its incorporation, Air Arabia has grown significantly, increased its fleet size, built a record of safety and a brand that is associated with reliable service. Air Arabia currently operates a total fleet of 20 (leased and owned) Airbus A320 aircraft and flies to more than 57 destinations within the Middle East, North Africa, Asia and Europe.
Air Arabia offers air travel at low fares, and sets the highest standards for safety and punctuality, with the objective of serving its customers with the safest and most efficient air travel service. Air Arabia operates from two hubs, Sharjah in the UAE and Casablanca in Morocco and since its inception, Air Arabia has safely flown more than 11 million passengers across its route network.
PJSC Legal Status
The UAE Ministry of Economy approved in March 2007 the conversion of Air Arabia LLC to Air Arabia PJSC (a public joint stock company), pursuant to the fulfillment of all legal requirements and necessary procedures in accordance with the Commercial Companies Law number 8 of 1984, and its executive resolutions and the initial public offering of its Shares.
The Department of Economic Development - Sharjah, issued resolution no. 18 of 2007 approving the incorporation of the Company after fulfillment of all legal requirements for the establishment of a Public Joint Stock Company in the UAE. After incorporation, the total capital of the Company is AED 4,666,700,000 divided into 4,666,700,000 Shares with the nominal value of each share being AED1.00.