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Reading: Saudia Group secures ‘major’ agreement for 105 Airbus aircraft
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Gulf Press > Gulf > Saudia Group secures ‘major’ agreement for 105 Airbus aircraft
Gulf

Saudia Group secures ‘major’ agreement for 105 Airbus aircraft

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Last updated: 2024/05/20 at 12:54 PM
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Saudi Arabia’s Saudia Group recently made history by announcing the purchase of 105 Airbus planes, marking the largest aircraft deal in the country’s history. The deal includes 54 A321neo aircraft for Saudia airline and 12 A320neo and 39 A321neo planes for budget offshoot flyadeal. This agreement is seen as a significant moment for the Saudi aviation industry and the wider MENA region.

The purchase, described as “the largest aircraft deal in Saudi aviation history,” comes as Saudi airlines continue to invest in their fleets. The country has also unveiled plans for a new airport in Riyadh that can accommodate 120 million passengers annually. This move reflects the country’s commitment to developing its aviation sector and increasing air traffic as part of the “Vision 2030” reform agenda.

Saleh Eid, Vice President of Fleet Management & Agreements at Saudia Airlines, revealed that deliveries of the new aircraft will begin in 2026 and continue until 2032. Despite not disclosing the value of the deal, Eid emphasized the positive impact it will have on creating jobs, increasing local content, and contributing to the national economy.

Saudia, also known as Saudi Arabian Airlines, has a history dating back to 1945 and is a state-owned carrier. With the introduction of new carrier Riyadh Air, the airline is expected to focus its operations out of Jeddah. Riyadh Air, expected to start flights next year, is part of the country’s efforts to boost its aviation industry and surpass 330 million passengers annually by 2030.

In addition to the recent Airbus deal, Saudia had previously announced an agreement to purchase 39 Dreamliner planes from Boeing. This is in line with Saudi Arabia’s aim to expand its aviation sector and enhance its position as a key player in the region. The country is also launching NEOM Airlines, which will be based in the planned megacity of NEOM.

The Saudi aviation industry’s rapid growth and expansion are driven by initiatives such as the Airbus deal, as well as the focus on innovative projects like NEOM Airlines. These developments are in line with the country’s long-term vision for economic diversification and growth through investments in various sectors, including aviation. The future looks bright for Saudia Group and the overall aviation industry in Saudi Arabia.

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News Room May 20, 2024
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