Description

Air Arabia

1.       

Air Arabia has become a minimal-cost emirates airline headquartered in Sharjah International Airport, which is the A1 building of the Sharjah Transport Centre. It runs scheduled journeys in 151 nations throughout the Middle East, North Africa, India's sub-continent, Central Asia and Europe in 22 Sharjah nations, 28 locations in 9 Casablanca, Fez, Nador and Tangiers, 11 locations across 8 Ras Al Khaimah nations as well as 6 locations in 4 Alexandria-based nations. International Airport of Sharjah is the primary location of Air Arabia. Ras Al Khaimah and Alexandria and Casablanca are also hosting a center. Air Arabia has become a part of the Network of Arab Air Carriers. On February 3, 2003, Air Arabia had been founded by an Amiri executive order released by the Leader of Sarya, Sultan bin Muhammad al-Qasimi, who was the first airline with low-tax throughout the Middle East The first flight from Sharjah, UAE, to the International Airport of Bahrain was introduced on October 28, 2003. It operates. From the first year of its development, the airline became successful. It originally conducted a public sale of 55% of its shares at the beginning of 2007. Airbus introduced Air Arabia, the 6000th community A320 aircraft, during Mar 2014 (AirArabia , 2019).

2.       

Air Arabia's financial performance is generally measured through "Consolidated financial statements" (AirArabia , 2019).  There are several financial statements that are often prepared by the company:

·         Consolidated Income Statement

·         Consolidated financial position statement

·         Independent report of auditors

·         Consolidated P&L and related inclusive income Statement

·         Consolidated equity changes Statement

·         Consolidated cash flow statement

3.       

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