Air Arabia versus Flydubai and Abraaj

摘要

Air Arabia's record of profitably since its inception 16 years ago was shattered in 2018 when it reported a net loss of AED 579m (US$156m). However, the cause of this loss was a one-off write-off of its investment in Abraaj Group, a private equity fund, totalling AEDl.lbn ($300m).