A year in which Air Arabia signaled its ambition with an IPO and a significant aircraft order ended with a AED376 million ($102.4 million) net profit, more than three times the AED101 million profit reported in 2006. Revenue rose 71.3% to AED1.28 billion and passenger numbers climbed 53.2% to 2.7 million. "The year 2007 saw Air Arabia achieve unprecedented success in the low-cost carrier segment, a market we introduced to the Middle East just four years ago," Chairman Abdullah bin Mohammad ...

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