Saudi Airlines announces the largest deal in the history of Saudi aviation. Learn about it

Weather of Arabia - The General Director of the Saudi Group, Ibrahim Al-Omar, said that the delivery of the aircraft is scheduled to begin in the first quarter of 2026, with the last of them to be delivered in 2032.

For its part, Airbus said in a statement that the total number of Airbus aircraft to be delivered to the Saudi Group has now reached 144 A320neo aircraft.

Large investments in Saudi Arabia

This large order, the value of which was not disclosed, confirms the significant investment that Riyadh is making in the aviation sector, more than a year after the launch of a new airline under the name “Riyadh Air,” according to an Agence France-Presse report.

The Saudi authorities also announced plans to build a huge new airport in the capital, Riyadh, which will be able to accommodate 120 million passengers annually.

Before the deal was announced, the Saudi Airlines fleet consisted of 144 aircraft, while the Flyadeal fleet consisted of 32 aircraft.

The state-owned carrier is expected to increasingly focus its operations from Jeddah, once Riyadh Air begins its flights, which are expected to begin next year.

Riyadh Airlines, which was announced in March 2023, had concluded an agreement to purchase 39 Boeing Dreamliner aircraft, with an option to purchase an additional 33 aircraft.

In addition, Saudi Arabia is launching NEOM Airlines, which will be based in the planned future city in the north of the Kingdom.

At the #Future_Aviation_Conference .. Saudi Airlines announces the largest deal in the history of Saudi aviation that includes the purchase of 105 aircraft from #Airbus @ali_alshreef11 pic.twitter.com/YJyraIIaE5

- Saudi Arabia (@AlArabiya_KSA) May 20, 2024

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Sources:

aljazeera