Airline
Air Arabia BoD Propose 10pc Cash Dividend
Board of Directors for Air Arabia, the first and biggest low cost carrier for the Middle East and North Africa, have proposed a cash dividend of 10 percent for 2009. Air Arabia recently released its financial results for the 12 months ending December 31st, 2009. A press statement said the results demonstrated continued profitability and excellent levels of efficiency during an extremely challenging period for airlines around the world.
A study conducted by Aviation Week magazine in 2009 ranked Air Arabia as number one on the ‘Top Performing Companies’ chart for low cost carriers around the world. Several other leading aviation bodies have also named Air Arabia as ‘Low Cost Carrier of the Year’. Air Arabia currently serves 60 destinations around the world from its hubs in Sharjah and Casablanca.
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