Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

FlyDubai in Talks With Airbus, Boeing to Order About 50 Aircraft

Feb. 13 (Bloomberg) -- FlyDubai, the state-owned low-cost airline, is in talks with Boeing Co. and Airbus SAS to buy about 50 narrow-body aircraft, the carrier’s chairman said.

“We are talking about another 50 aircraft,” Sheikh Ahmed bin Saeed Al Maktoum, who is also the chairman of Emirates, told reporters in Dubai today. “If the team reaches a decision, we hope to make an announcement at the Dubai Air Show.” The airline is looking at Boeing 737s and Airbus 320 models, he said.

FlyDubai, which began operations in 2009, is joining Air Arabia PJSC and Kuwait-based Jazeera Airways KSC in expanding their share of the low-cost market in Middle East air travel. FlyDubai operates to more than 50 destinations across the Middle East, Africa, the Indian Subcontinent, Asia, and Central and Eastern Europe, with a fleet of 28 Boeing 737-800 NG jets.

FlyDubai had a profit 152 million dirhams ($41 million) last year, on sales of 2.8 billion dirhams, Sheikh Ahmed said. The airline will use its own cash, export-import bank facilities and lease-back options to finance expansion, he said.

The Dubai Air Show this year will be held Nov. 17-21, according to the organiser’s website.

To contact the reporter on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.