Riyadh Air Goes Airbus In Billion Dollar Deal
By Geoffrey Thomas Wed Oct 30, 2024
Riyadh Air has ordered 60 Airbus A321neos as part of its fleet mix to fulfil its network ambitions of 100 destinations by 2030.
The order takes Riyadh Air’s commitments to 132 aircraft on order with last years buy of Boeing 787s.
The deal was confirmed with a signing in Riyadh today between Tony Douglas, CEO of Riyadh Air, and Christian Scherer, CEO Commercial Aircraft of Airbus.
His Excellency Yasir Al-Rumayyan, PIF Governor and Chairman of Riyadh Air, said: “We are pleased to embark on another key milestone in Riyadh Air’s journey with the carrier’s second major fleet order, this time in partnership with Airbus. This deal underlines the airline’s ambitious intentions in advance of next year’s launch as it builds a comprehensive international network and establishes Riyadh as a major strategic global aviation hub.”
Tony Douglas, CEO of Riyadh Air said: “This order will not only enable us to support economic growth in the aviation industry, it will also ensure Riyadh Air operates one of the most sustainable fleets in the industry and be instrumental in helping Saudi Arabia achieve its net-zero emissions goals. This deal strongly reinforces the positive economic impact of Saudi Arabia’s newest airline on both a global and local scale and helps facilitate the fast-growing local aviation ecosystem.”
Christian Scherer, CEO of Commercial Aircraft at Airbus said: “We are proud to welcome Riyadh Air as a new Airbus customer and to be a part of its exciting journey. The latest generation A321neo aircraft, will bring exceptional efficiency to the airline's operations and comfort to its passengers. We look forward to working together to support the incredible growth of Saudi aviation."
Riyadh Air aims to be a leading airline and will equip its fleet with the latest and most advanced digital features, providing an innovative guest experience that is the best in class in terms of aircraft cabin interior design, in addition to the latest generation of entertainment and connectivity systems on board.
Riyadh Air will provide tourists from around the world the opportunity to visit Saudi Arabia’s cultural and natural attractions and further establish Riyadh as a preeminent business hub to the world.
Riyadh Air will also serve as a catalyst for the Saudi National Transport and Logistics Strategy and the National Tourism Strategy by increasing air transport options, raising cargo capacity and, in turn, growing international passenger traffic.
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