Dubai, UAE - United Arab Emirates' Sharjah-based low-cost carrier Air Arabia is reportedly in talks with Airbus for 100 A320neo family jets valued more than $10 billion at list prices.
The deal between the European aircraft manufacturer and the Gulf operator may be signed in November during the Dubai Air Show.
Earlier this year, Adel Ali, the chief executive of Air Arabia, told Bloomberg that the airline was considering a triple-digit narrowbody aircraft deal with Airbus or Boeing to expand its route network to the new destinations in Southeast Asia, Australia, Africa, and Europe.
Air Arabia currently is an all-Airbus operator and Airbus seems to benefit from the prolonged grounding of the rival Boeing's 737 MAX.
Earlier this month, Etihad Airways and Air Arabia announced a partnership agreement to establish a new airline. A massive order from Air Arabia would also help the launch of the new joint venture.
Etihad Airways canceled some of its aircraft orders and stored some of its new planes after recording a loss of almost $5 billion in the last three years.
In addition to Sharjah and Ras Al Khaimah in the UAE, Air Arabia has bases in Morocco and Egypt. The Gulf carrier currently operates 39 previous generation A320 and 11 leased A321LR.