Saudia and Airbus aircraft deal
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.
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.”
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.”
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.