Air Arabia bags 'Low-Cost Airline of the Year' honour

Thursday, 17 December 2020 13:31

Air Arabia has bagged the ‘Low-Cost Airline of the Year’ award at the 14th Aviation Business Awards (AVB) ceremony held in Dubai.

The airline has won the recognition for its innovation, financial performance and ambitious growth plans.

“Winning the Low-Cost Airline of the Year award in arguably the most challenging year for the aviation industry reiterates the hard work done by the team this year and is a testament to the strength of the low-cost business model in the region,” said Adel Al Ali, Group Chief Executive Officer of Air Arabia.

More from Business

Oil sinks 11% as Trump predicts Middle East de-escalation

Oil prices plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
DP World appoints Ahmad Yousef Al-Hassan as CEO and MD for GCC

DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC.
Oil prices surge to highest since 2022 at over $119 a barrel

Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
HSBC CEO says confidence in GCC remains despite regional developments

HSBC on Monday expressed confidence in the Gulf Cooperation Council (GCC) members' economic prospects as the region and the wider Middle East brace for the economic shock from the U.S.-Israeli conflict with Iran.