What is Flydubai?
Established in 2008 by the Government of Dubai, Flydubai operates as a government-owned airline headquartered at Dubai International Airport. Its core mission is to enhance global connectivity by removing travel barriers and stimulating trade and tourism. The airline operates an all-Boeing 737 fleet, serving over 135 destinations across 58 countries. Flydubai has distinguished itself by opening more than 100 new routes that previously lacked direct air links to Dubai. Beyond passenger services, the airline offers cargo solutions through flydubai Cargo and package travel services via flydubai Holidays. A strategic partnership with Emirates further enhances its network reach and customer connectivity.
How much funding has Flydubai raised?
Flydubai has raised a total of $500M across 1 funding round:
Debt
$500M
Debt (2014): $500M with participation from Dubai Islamic Bank, Credit Agricole Bank, Standard Chartered Bank, Emirates NBD, Noor Bank, HSBC, and National Bank of Abu Dhabi
Key Investors in Flydubai
Dubai Islamic Bank
Dubai Islamic Bank PJSC is a prominent financial institution in the UAE, offering a wide array of banking and financial services, including consumer and corporate banking, real estate development, and treasury services. It plays a significant role in the region's financial landscape.
Credit Agricole Bank
CA Indosuez Wealth, part of the Credit Agricole group, is a global wealth management firm headquartered in France, specializing in financial services and investment solutions for private clients and institutions.
Standard Chartered Bank
Standard Chartered plc is a British multinational banking and financial services company with a vast international network, providing a broad spectrum of banking and financial solutions across numerous countries.
What's next for Flydubai?
The recent major strategic investment signals a phase of accelerated growth and potential market expansion for Flydubai. This capital injection is likely to support fleet modernization, route network development, and the enhancement of its cargo and holiday service offerings. Given its history of opening underserved markets and its strategic alliance with Emirates, Flydubai is well-positioned to further solidify its presence in existing regions and explore new territories, reinforcing its role as a key player in global air travel and trade.
See full Flydubai company page
