Riyadh Air, the new Saudi Arabian carrier backed by the kingdom’s Public Investment Fund (PIF), has placed a firm order for 25 Airbus A350-1000 aircraft, marking a critical step in building its long-haul, full-service fleet. The agreement includes the option to increase the order to 50 aircraft, showcasing the airline’s ambitious growth trajectory.
Riyadh Air, the new Saudi Arabian carrier backed by the Public Investment Fund, is expected to announce a firm order for 25 Airbus A350-1000 aircraft during the upcoming Paris Airshow. The move marks a significant step in the airline’s high-profile fleet acquisition strategy ahead of its planned launch.
Riyadh Air, the ambitious new national carrier of Saudi Arabia, has achieved a key regulatory milestone with the issuance of its Air Operator Certificate (AOC) by the General Authority of Civil Aviation (GACA). This official approval authorizes the airline to commence commercial flight operations, marking the operational launch phase of one of the kingdom’s most high-profile aviation ventures.
AviLease, a Saudi Arabia-based aircraft lessor, is expressing confidence in the stabilization of aircraft manufacturing supply chains. Chief Executive Officer Ted O’Byrne projects that industry leaders Boeing and Airbus will overcome current supply challenges within the next four years.
Embraer, the Brazilian aerospace manufacturer, is exploring the possibility of launching a new commercial airplane program, with potential investment support from Saudi Arabia’s Public Investment Fund (PIF). This development marks a strategic shift in Embraer’s search for partners, moving its focus from Asia to the Middle East, as it seeks funding and collaboration to advance its aviation ambitions.
Riyadh Air, the emerging Saudi Arabian airline wholly owned by the Public Investment Fund (PIF), has successfully secured its inaugural Islamic Revolving Credit Facility totaling SAR 5 billion. This financial arrangement comprises a SAR 3 billion revolving credit facility, complemented by a committed accordion option for an additional SAR 2 billion. The one-year, unsecured financing…
