
Flydubai is 'not Emirates lite': CEO recalls moment he was asked to create new Dubai airline
'It was mainly the adventure of trying to go to places," he said. Ghaith Al Ghaith's upbringing in Shindagha, a lifeline for the city's early trade and culture, shaped his bond with Dubai's heritage.
'Everything happened in the creek' he recalled. 'You'd wake up, and sometimes there'd be a shipwreck', he said, describing how such events became the talk of the town.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
"There's a saying in aviation: If you smell the fuel of aircraft, you become addicted to it. For me, it was more about connecting Dubai to the rest of the world."
After joining Emirates Airlines in 1986, Al Ghaith climbed the ranks, until he left in 2009 to lead the creation of a new Dubai-based airline. At the time, Al Ghaith was called by Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group, and tasked to lead the inception of flydubai.
'When I was offered to lead it, I asked, 'Your Highness, is this like Emirates lite [version]?' He said: 'No, this is going to be a separate company.'" With the support and leadership of Sheikh Ahmed, Al Ghaith knew then that he wanted to pursue this challenge.
Flydubai was initially envisioned as a low-cost carrier that serves destinations within a five-hour radius of Dubai. 'The idea was to connect these regions to Dubai, creating opportunities for business, trade, and tourism,' Al Ghaith explained.
The airline's evolution since then has been anything but typical. Recognising the unique demands of Dubai's market, flydubai introduced features like business class and in-flight entertainment, blending affordability with quality.
'Low-cost doesn't work in the same way as it does in Europe or America because of a diverse customer base. We had to adapt," said Al Ghaith, explaining they had to create something unique for Dubai.
After studying in the US, Al Ghaith joined Emirates airline in 1986 as a management trainee. Over the next two decades, he rose to become executive vice-president of commercial operations worldwide. His role included launching inaugural routes, such as flights to London Gatwick and Bangkok, forging strategic partnerships with global airlines, and representing Dubai's growing aviation sector at key industry events like the Paris Air Show and ITB Berlin. He left in 2009 to head flydubai after Sheikh Ahmed offered him a job.
Aviation has been at the heart of Dubai's growth. The sector has advanced tourism and commerce by seamlessly connecting the emirate to the rest of the world. Flydubai has emerged within this space, catering to under-served markets and complementing the city's flagship carrier, Emirates.
Flydubai's adaptability has been a hallmark of its success, from weathering the challenges of the Covid-19 pandemic to doubling its fleet size in recent years.
'By November 2020, we were cash-positive. By the next year, we made record profits. It's a testament to the dedication of our team and the trust we have in Dubai and the UAE,' Al Ghaith said.
In 2024, flydubai reached new heights, carrying over 13 million passengers and expanding its network to more than 125 destinations across 65 countries.
New routes included Basel in Switzerland, Kish and Kirman in Iran, Bhairahawa in Nepal, Islamabad and Lahore in Pakistan, Penang and Langkawi in Malaysia, and Mombasa in Kenya. Additionally, 10 seasonal summer routes, such as Mykonos, Santorini, and Bodrum, operated from June to September, making the airline a go-to for many travellers.
When asked about the future of the airline, Al Ghaith shared ambitious plans to get "larger aircraft with a longer range, like the Boeing 787" that would allow the carrier to expand its market presence even further, a challenge that is "like starting the airline all over again".
With the development of the new Al Maktoum International Airport, Flydubai is poised to play an even greater role in the city's aviation story. 'Our goal is to connect more markets, drive more opportunities, and align with Dubai's vision to be a leader in trade, tourism, and innovation," he added.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Zawya
27 minutes ago
- Zawya
Dubai Duty Free July 2025 sales surpass $173.7mln
Dubai Duty Free (DDF) delivered a standout performance for the month of July, posting sales of AED638.8 million (US$175 million) for the month and year-to-date sales of AED4.734 billion (US$1.30 billion), which is 5.86 percent up on the same period last year. This monthly milestone surpasses the previous July record of AED602.8 million (US$165 million) set in 2023 and is 9.7 percent higher or AED56.5 million (US$15.48 million) more than sales of AED582.26 (US$159.52 million) for July 2024. This places July 2025 in 9th place amongst the Top 10 months in Dubai Duty Free's history with the operator recording sales records in five months out of seven so far this year. The year-to-date growth of 5.86 percent is particularly notable given that passenger growth for the same period is expected to be less than 3 percent (DXB announced 2.3 percent passenger growth from January – June). Ramesh Cidambi, Managing Director of Dubai Duty Free, said, 'We are delighted to report another strong sales month in what is already proving to be an exceptional year. This outstanding performance reflects the resilience of our retail operation and the continued demand for world-class shopping experiences. Achieving nearly 10 percent sales growth in a month when we estimate passenger traffic remained relatively flat is a testament to our team's dedication and product offering." The top five product categories in July were Perfumes, Liquor, Gold, Tobacco and Confectionery. Perfume sales rose by 10.3 percent over the same month last year, Liquor sales rose by 1.7 percent, while Tobacco saw a 2.2 percent increase. Gold sales rose by 15.5 percent and Confectionery saw an incredible 57 percent increase from July last year. Other notable performers were Watches with sales increase of 18.4 percent and Precious Jewellery with an increase of 16.8 percent. July's sales surge was fuelled in part by a growing appetite for iconic luxury brands. Dubai Duty Free's CA and CB Fashion Boutiques, home to some of the world's most sought-after luxury labels, delivered exceptional results in July, with growth of 11.36 percent over the same period last year. Flagship brands such as Chanel, Louis Vuitton and Cartier were standout performers, reflecting sustained demand for high-end fashion and accessories at DXB. 'Given the recent media reports outlining the difficulties facing global luxury brands, we are happy to buck that trend in our luxury Boutiques, where we are seeing continued demand for select brands,' Cidambi added. Staying within the Luxury sector, of particular note is the growing momentum of DDF's pre-loved luxury boutique, REKLAIM, launched in December 2024. Located in Concourses A, including in the Emirates First Class Lounge, Concourse B and D, REKLAIM offers a curated selection of authenticated pre-owned watches and handbags from top-tier luxury brands. In just over seven months REKLAIM has generated more than AED14.3 million (US$3.9 million) in sales of which AED1.6 million (US$445K) was generated in July alone, a clear testament to its growing appeal among luxury-focused shoppers. The stand-out performer was Rolex watches, with a total of 176 sold since the launch of REKLAIM, with 16 sold in July alone. Dubai Duty Free's success comes against a backdrop of growing competition within the airport retail space as well as from external sources, including domestic retailers. With continued investment in product innovation, digital engagement, and experiential retail, Dubai Duty Free is well-positioned to close out 2025 as one of the strongest years in its 40+ year history. 'This outstanding achievement is a testament to the hard work and dedication of our entire team and the unwavering support from our Chairman, H.H. Sheikh Ahmed bin Saeed Al Maktoum. We have succeeded in enhancing penetration and spend levels while maintaining business focus, despite a highly competitive and uncertain environment,' Cidambi added.


Zawya
2 hours ago
- Zawya
Binghatti Holding's $500mln sukuk 5 times oversubscribed
Binghatti Holding, one of the UAE's fastest growing real estate developers, has priced a $500 million 5-year Senior Unsecured Sukuk under its $1.5 billion Trust Certificate Issuance Programme, a transaction that was oversubscribed by five times. The Regulation S Sukuk issuance attracted strong regional and international investor demand, with an order book exceeding $2.5 billion. The sukuk was priced with a profit rate of 8.125%, equivalent to a spread of 418 basis points over the prevailing 5-year US Treasury yield, and given the strong levels of demand the issuance saw significant tightening from its initial guidance of 8.500% area. The robust orderbook reflects broad market confidence in Binghatti's credit fundamentals, brand strength, and long-term strategy. The company is rated Ba3 by Moody's and BB- by Fitch, both with stable outlook, said the company. The sukuk will be listed on both Nasdaq Dubai and London Stock Exchange. Muhammad BinGhatti, Chairman of Binghatti Holding, commented: 'Binghatti's landmark sukuk marks a pivotal milestone in our journey, reinforcing our position as one of the region's most dynamic and diversified developers. The strong demand and investor trust shown in the USD 500 million issue from our sukuk programme highlights Binghatti's unique model, a vertically integrated platform underpinned by phenomenal growth and market leading execution.' Ahmed Abdelaal, Mashreq Group Chief Executive Officer, said: "We are proud to have played a pivotal role in Binghatti's return to the sukuk market, having supported their journey since their inaugural issuance last year. The exceptional investor response—both regional and international—underscores the strong appetite for the Dubai growth story and confidence in Binghatti's trajectory. This landmark issuance not only affirms their access to global capital markets but also establishes a new 5-year benchmark for the sector. Mashreq continues to lead in advising regional corporates on accessing international capital markets from inception. Our partnership with Binghatti reflects the trust placed in our expertise and capabilities.' Binghatti Holding's H1 2025 net profit more than tripled to AED1.82 billion, driven by resilient demand for Dubai real estate. The group's total sales reached AED8.8 billion, with revenue climbing 189% YoY to AED6.3 billion. The group launched seven new projects and delivered five developments in H1 alone, handing over 15 projects in the last 18 months. Its AED12.5 billion revenue backlog and over AED70 billion development portfolio positions it as one of Dubai's leading developers. Binghatti currently has ca. 20,000 units under development across 30 projects in prime Dubai locations including Downtown, Business Bay, Jumeirah Village Circle, and Meydan as well as its flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz and Jacob & Co. The company's development pipeline was further reinforced by the recent acquisition of about 9 million sq ft megaplot in Nad Al Sheba 1, which will host Binghatti's first master-planned community, with a projected development value of over AED25 billion, the company said. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (


Zawya
3 hours ago
- Zawya
TECOM Group reports $200.6mln net profit in H1 2025
TECOM Group announced its financial results for the first half (H1) of the year ending 30th June 2025. The Group reported robust net profit growth of 22 percent year-on-year (YoY) to AED737 million, with revenue rising 21 percent YoY to AED 1.4 billion during the period. TECOM Group noted a YoY 24 percent increase in EBITDA, which reached AED1.1 billion, maintaining healthy EBITDA margins at 80 percent, reflecting sustainable business growth. Funds from operations (FFO) increased by 17 percent YoY to reach AED984 million, supported by consistent collections and improved revenue quality. The Board of Directors approved an interim dividend payment of AED400 million for H1 2025, in line with the approved Dividend Policy valid until September 2025. Malek Al Malek, Chairman of TECOM Group, said the results reflect the Group's resilience and its ability to keep pace with the economic growth witnessed in the UAE. He added that TECOM continues to enhance its operational efficiency and deliver sustainable value to shareholders. Abdulla Belhoul, Chief Executive Officer of TECOM Group, said, 'Our financial and operational growth in H1 2025 reflects the success of TECOM Group's roadmap for long-term growth through our recent strategic investments and attracting new customers. The Group's robust performance is a step forward in our journey to enable a sustainable future through our ecosystems, solidifying the UAE's and Dubai's appeal as a global destination for investment and the ease of doing business.' Occupancy in the Group's Land Lease portfolio reached 99 percent, marking YoY growth of 3 percent led by strong customer demand from the industrial sector, accelerated by government strategies such as Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'. In April, PayPal opened its first regional headquarters in the Middle East and Africa at Dubai Internet City, the pioneering hub uniting global tech industry leaders and talent which today generates 65 percent of Dubai's technology sector GDP. In May, Pure Ice Cream commenced construction on its AED80 million production facility at Dubai Industrial City, cementing its vital contribution towards developing the UAE's industrial sector. TECOM Group continued its commitment to nurturing sustainability across its ecosystems and raised the number of its LEED-certified buildings to 55 during H1 2025, marking 34 percent growth compared to H1 2024. The Group made steady progress towards renewable energy adoption, with its solar power projects contributing 8 gigawatt hours (GWh) of clean energy. Aligned with the UAE's vision to strengthen gender balance in the private sector, 35.4 percent of the Group's workforce is comprised of women. TECOM Group has been awarded Shariah compliance certification by the Shariyah Review Bureau (SRB) for the fiscal period ending 31st March 2025.