Aviation Strategy

Air Arabia versus Flydubai
and Abraaj — June 2019

Air Arabia’s record of profitably since its inception 16 years ago was shattered in 2018 when it reported a net loss of AED 579m (US$156m). However, the cause of this loss was a one-off write-off of its investment in Abraaj Group, a private equity fund, totalling AED1.1bn ($300m). ……

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