Air Arabia secures $350 million financing for 10 aircraft
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May 21st: Air Arabia, the United Arab Emirates-based low cost carrier, has signed a $350 million deal with Qatar National Bank SAQ and Commercial Bank International to finance 10 new Airbus A320 aircraft. The 10 aircraft form part of the airline's order for 44 A320 aircraft, placed in 2007. The airline currently operates a fleet of 33 A320 aicraft, and serves 85 routes from its three hubs in the UAE, Morocco and Egypt.

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