Saudia Group and Airbus Sign Largest Aircraft Deal in History

Saudia Group has signed the largest aircraft deal in Saudi aviation history with Airbus, acquiring 105 aircraft including A320neo and A321neo models. The agreement supports Saudia’s goals under Saudi Vision 2030, aiming to enhance connectivity, increase guest capacity, and expand destinations.

Large Aircraft Deal

This investment includes advanced, fuel-efficient aircraft, and comprehensive maintenance by Saudia Technic. The deal emphasizes improving guest experience with AI-powered travel support and luxurious business class suites.

The ceremony, held at the Future Aviation Forum 2024, highlighted the strategic role of this acquisition in advancing Saudi Arabia’s aviation sector and economic growth.

Read More Business News

Benoît de Saint-Exupéry, Executive Vice President Sales of the Commercial Aircraft Business at Airbus says, “The new additions of the A320neo family aircraft will play a vital role in contributing to Saudi Arabia’s ambitious Vision 2030 plan. It will enable Saudia Group’s strategy to advance the Kingdom’s aviation capabilities while enabling both airlines to benefit from the A320neo Family’s exceptional efficiency, superior economics, highest level of passenger comfort as well as lower fuel-burn and emissions.”

Saudia Ambitions

H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group says, “Saudia has ambitious operational objectives to meet growing demand. We are increasing flights and seat capacity across our existing 100+ destinations on four continents, with plans for further expansion. The progress of Saudi Vision 2030 is attracting more visits, tourists, entrepreneurs, and pilgrims each year. This motivated our decision to secure this significant deal, which will create jobs, increase local content, and contribute to the national economy.”

Saudia
Staff Writer

Recent Posts

Malaysian Banks Seen Resilient Against Energy Price Shocks

Strong fundamentals support resilience in the banking sector.

20 hours ago

Succession Planning Key to Sustaining Family Businesses

Structured transitions help ensure long-term stability.

21 hours ago

Greatech Seen Poised for Earnings Upgrades Amid Record Order Book


Analysts see upside for Greatech as record orders, data centre demand and improving execution support…

1 day ago

Mitrajaya Outlook Supported By Data Centre Exposure, Strong Order Book

Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…

1 day ago

US-Iran Talks Lift Sentiment Despite Lingering Market Caution

Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…

1 day ago

Vietnam’s Rising Influence in ASEAN Takes Centre Stage at the Shangri-La Dialogue

Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…

2 days ago

This website uses cookies.