Rabat - Air Arabia PJSC, the UAE-based low-cost airline and parent company of Air Arabia Maroc, expects Morocco to be a “growth driver” in 2018 as the company recently recorded its highest profit on record, reported Bloomberg Markets.
Rabat – Air Arabia PJSC, the UAE-based low-cost airline and parent company of Air Arabia Maroc, expects Morocco to be a “growth driver” in 2018 as the company recently recorded its highest profit on record, reported Bloomberg Markets.
Adel Abdullah Ali, Air Arabia’s CEO told Bloomberg TV that Morocco would be a “good spot” for the company this year. The CEO said Air Arabia is going from “strength to strength, and we’re putting more capacity on those lines.”
Bloomberg reported that the company’s profits rose 29 percent (USD 173 million) in 2017 which helped Air Arabia Group to “raise the dividend to 10 fils a share from 7 fils a year ago.”
According to Ali, passenger growth of seven percent in 2018 “is easily achievable.” The airline also plans to expand service in 2018 to popular destinations including expanded service in Egypt.
“Egypt is another one where we’ve grown a 100% year-on-year and we may grow more this year, particularly with tourism getting back to the Red Sea,” said Ali.
The company also aims to expand operations in Jordan’s capital, Amman, if a breakthrough can be reached in an impasse with the Jordanian government over air traffic rights.
Air Arabia Maroc is a Morocco-based joint venture and member of the Air Arabia Group which was launched in 2009. Air Arabia Maroc has been launching new weekly flights linking Morocco to several European destinations including, in 2017, Marrakech to London and Paris. Airline statements last year noted that Air Arabia Maroc serves 32 global destinations from six Moroccan cities, bringing its total network to 49 routes.
In addition to Marrakech, Air Arabia Maroc operates from Casablanca, Tangier, Fez, Nador, and Agadir with service to various European cities.