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Double win for Air Arabia at Aviation Business Awards 2014
Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, won two awards at the esteemed Aviation Business Awards 2014 which recently took place, as part of a gala reception attended by senior aviation executives from across the world, in Dubai, UAE.
Dubai
Dubai is a city and emirate in the United Arab Emirates known for luxury shopping, ultramodern architecture and a lively nightlife scene
Dubai Islamic Bank signs US$230 million aircraft financing deal with Air Arabia
Dubai Islamic Bank (DIB) and Air Arabia announced today the signing of an aircraft financing deal to facilitate the delivery of six new Airbus A320 aircrafts in 2015.The signing ceremony was held in the DIB head office in the presence of senior executives from both parties. The US$230 million Ijara facility will finance the delivery of a new aircraft every two months starting January 2015, the program culminating with the final unit being handed over by the end of the year.
