AIR ARABIA Low-cost carrier Air Arabia made a 2012 net profit of AED425 million ($115.7 million) on turnover of AED2.9 billion as the budget market in the region continued to expand. Both figures were comfortably up on 2011 (AED274 million and AED2.4 billion respectively). The Sharjah-based airline took delivery of six Airbus A320s in 2012, the latest arrivals from a 2007 order for 44, and expects to receive another six through 2013. In January 2013 it became the first ...

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