Air Arabia to add seven new routes next year, expects 10-12% expansion in 2017
Air Arabia (AIRA.DU) is planning to add seven new routes next year, said the company’s CEO Adel Ali in an interview with Bloomberg TV. He further added that he expects a c10-12% expansion in 2017, with the Morocco hub to expand c20% next year. (Bloomberg) Air Arabia (DU): AED1.26 as of 13 November 2016, Rating: Buy, FV: AED2.10 per share, MCap: USD1,602mn, AIRARABI UH / AIRA.DU
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