Air Arabia third in top global airlines list

Published On: October 21, 2016 09:12 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Oct 21: Air Arabia has been ranked third amongst top 50 global airlines by a UK-based AirFinance Journal.

The ranking was granted based on a set of operational and financial parameters, including total revenue, net income, passenger yield, liquidity, and leverage, according to an Air Arabia statement.

"We are proud to be ranked amongst the top three airlines in the world and the report confirms Air Arabia's solid financing standing and its all-round excellence in maintaining high operational standards," Adel Al Ali, Group CEO of Air Arabia, said in the statement.

The 'Airline Top 50' is the fifth annual supplement published by the AirFinance Journal.

Air Arabia currently operates its services from five hubs to over 120 routes in 33 countries across the Middle East, Africa, Asia, and Europe. 

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