Air Arabia has now signed an ACMI agreement with the Bulgarian charter and ACMI airline Fly2Sky, with the agreement taking effect during the upcoming summer season, to provide enough capacity for the great demand.
A major Middle Eastern and African carrier, Air Arabia has seen a resumption of routes, as well as recording a record breaking Q3 profit in 2022.
The details
Air Arabia and Fly2Sky has signed an extensive ACMI agreement for the summer season 2023, which will ensure Air Arabia to have enough capacity for the great demand the airline is expected to see during the summer.
An ACMI is an Aircraft, Crew, Maintenance and Insurance solution for carriers who request greater capacity, and Fly2Sky is in this case a provider of such agreements to the airlines who find it necessary to lease planes temporarily.
Under the agreement between the two operators, Fly2Sky will provide Air Arabia with three fully equipped and maintained aircraft.
The types will be a mix of Airbus A320 and A321 aircraft, which includes experienced crew members to provide for the required capacity.
The aircraft to be provided will be based out of Morocco, from which it will operate Air Arabia services to multiple destinations
Statements
Fly2Sky CCO, Aleksandrs Gusevs offered the following on the ACMI agreement: “We are thrilled to partner with Air Arabia and support their growth by providing them with additional aircraft during the busy summer season”
“The three aircraft deal is a testament to the strong relationship between Fly2Sky Airlines and its partners with a focus on providing the highest quality of service,” he concluded.
Great recovery for Air Arabia
With parts of the global aviation market still in recovery from the harmful past that is Covid-19, Air Arabia appears to be well on track for a great continuing recovery.
The carrier reported a strong Q3 2022 profit which ended up making the record books. It represented a 99% increase in comparison to the same period the previous year.
Air Arabia reported a net profit of AED 416 million for the three months ending September 30, 2022; an increase of 99% compared to AED 209 million registered in the corresponding third quarter of 2021.
In the same period, the airline posted a turnover of AED 1.6 billion, a 100 percent increase compared to the same quarter of last year.
More than 3.9 million passengers flew with Air Arabia Group between July and September 2022 across the carrier’s six hubs in the UAE, Morocco, Egypt and Armenia. This was an increase of 103 percent compared to the number of passengers carried in the same quarter last year.
The average seat load factor – or passengers carried as a percentage of available seats – during the third quarter of 2022 stood at an impressive average of 80 percent.
One last thought…
It appears that Air Arabia is seeing great demand across all regions they serve, as an ACMI with Fly2Sky had to be put in place in order to meet the required capacity for operations to run smoothly.
With Q3 of 2022 also being a record period for the airline in post-pandemic statistics, compared to the year prior, resumption of routes and the now signed ACMI, does make sense, especially in a time where air travel is picking up again at a great pace.
