Dubai’s innovative low-cost airline, Flydubai, has received their first of the three Boeing 737-800NG aircraft, which was financed through a $117.5 million loan agreement with the Export-Import Bank of the US. The new addition will increase the fleet size to 26, many of which are already in operation. The remaining aircrafts will be received in November and December.
At present, the airlines have expanded to new routes Bucharest, Sana’a, Basra, Najaf, Bishkek and Taif and another two more to follow–Skopje, Macedonia and Tabuk, Saudi Arabia. The number of flights has also increased since August 2011.
Flydubai’s CEO Ghaith Al Ghaith said: “This landmark agreement with Ex-Im Bank is further proof of Flydubai’s continued achievements. In our short history we have already achieved a great deal but what is truly exciting for us is that we have only just begun.
“Dubai’s reputation is firmly established on the world stage as a popular tourist destination, a financial centre and a trade and logistics hub. Its visionary decision to invest in becoming a leading global aviation hub and the fact that there is a population of over 2.5 billion within our geographic reach is a scenario that creates tremendous opportunity for us as an airline and we intend to fully capitalise on this,” he added.
The government of Dubai established the airline in July 2008. The group entered into an agreement with Boeing at the Farnborough Air Show for 50 Boeing 737-800s for a total value of $3.74 billion. The agreement also had a clause to change the order to longer range of 737-900ER.