Air Arabia expects turnaround in 2010
Air Arabia CEO, Adel Ali, stated the carrier expects to see 2010 “turning around”, although the market “remains challenging” and 1Q2010 and 2Q2010 may “still be depressed” (Arabian Business, 07-Dec-2010).
Air Arabia: “Every time we have seen a recession we have seen it coming back quickly. 2010 we will see turning around, it wont be a boom year but we will see the trend in the right direction. It is as simple as history repeats itself. We can’t change what has happened around us,” Adel Ali, CEO. Source: Arabian Business, 07-Dec-2010.