Flydubai declared the results of 2017.
The airline’s turnover reached 5.5 billion dirhams (US $ 1.5 billion), compared to 5 billion dirhams (US $ 1.37 billion) in 2016 ( 9.2% more). The profit was 37.3 million dirhams (US $ 10.1 million).
The aviation sector continues to play a significant role in the formation of the business environment and the development of international trade. 10.9 million passengers were transported which is a record mark for the airline ( 5.5% more than in 2016).
Having placed orders for the delivery of up to 295 aircraft, the airline Flydubai was among the top ten global airlines with the largest number of aircraft scheduled for delivery. This shows the scale of the airline’s ambitions for the future.
Flydubai continues to closely monitor and evaluate the effectiveness of its route network. In changing socio-economic conditions, the airline Flydubai responds to the changing dynamics of the market and remains flexible in changing traffic volumes. The company’s task remains to support a strong routing network and increase passenger traffic to support sustainable growth within its geographical coverage of flights.
The airline has concluded two deals that determine the financing schemes for the supply of Boeing 737 MAX 8 aircraft as part of the fleet renewal strategy. The financing is provided under agreement with the Japanese Operating Lease with a Call Option (JOLCO) and through borrowing and insurance under the scheme of the Aircraft Finance Insurance Consortium (AFIC). The JOLCO scheme is first used to purchase a Boeing 737 MAX 8.
In the air freight market, intensive due to the rapidly changing demand trends, Flydubai Cargo becomes the first among the airline divisions that uses blockchain technology in the air freight industry. In addition, the airline continues to use only the electronic system Air Waybill (e-AWB).
Among the plans for the nearest future, ten new destinations to Europe are awaiting to be launched during the first six months of 2018.
The fleet of the airline will also be partially renewed, several aircrafts will be replaced due to age.
So, the effective and flexible business model of the airline guarantees a good positioning of Flydubai for 2018.