27-Feb-2012 12:58 PM

Air Arabia expects more profits in 2012, to revisit planned Jordanian unit

Air Arabia CEO Adel Ali said the carrier expects to report another profitable year in 2012, although the year will be difficult to predict, with the fallout from regional instability continuing and oil prices approaching record highs. Mr Ali, as quoted by Arabian Business, said the company will revisit its planned Jordanian unit “when there is complete stability in the region and the economic conditions in Europe as well as globally settle down”.