Saudi startup Riyadh Air orders 60 Airbus A321neo planes

Date:

Share post:


PARIS — Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft, the European aerospace manufacturer said Wednesday.

Riyadh Air plans to begin passenger flights next summer and has placed an order for 60 A321neo planes, the largest among Airbus’ best-selling A320neo family, the company said in a statement.

The creation of Riyadh Air by the Saudi sovereign wealth fund is part of a broader Saudi strategy to diversify its oil-based economy and boost tourism. Saudi Arabia hopes to become a global aviation hub and attract 100 million annual visitors by 2030.

“This deal strongly reinforces the positive economic impact of Saudi Arabia’s newest airline on both a global and local scale to facilitate the fast-growing Saudi aviation ecosystem,” Tony Douglas, the CEO of Riyadh Air, was quoted saying in the Airbus statement.

Earlier this year, Riyadh Air and Delta Air Lines announced they had entered into a partnership with the goal of operating flights between the United States and Saudi Arabia.

The airline, along with Saudi Arabia’s flag carrier, Saudia, announced in March last year a shared order for 78 jetliners from Boeing and options to buy 43 more.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Massachusetts ratepayers to pay extra $512M for transmission line for Canadian hydropower

PORTLAND, Maine -- Three Massachusetts utilities and Central Maine Power’s parent company have agreed that Massachusetts ratepayers...

Reynolds and McElhenney buy Wrexham Lager brewery after rejuvenating the city's soccer team

Ryan Reynolds and Rob McElhenney have bought another piece of Wrexham — its brewery.Four years after their...

At age 97, pioneering Black businessman George E. Johnson has finally written his memoir

NEW YORK -- As he approached his mid-90s, pioneering Black businessman George E. Johnson unexpectedly found himself...

More spending and tax hikes expected in the first budget from Britain's Labour government

LONDON -- British Treasury chief Rachel Reeves will deliver her first budget in Parliament on Wednesday, a...

Global stocks mostly lower after Big Tech stocks push Nasdaq to record high

HONG KONG -- Global markets were mostly lower on Wednesday after a rally by technology stocks propelled...

Volkswagen says cost cuts are urgently needed as its earnings decline sharply

BERLIN -- Volkswagen said significant cost cuts are urgently needed as it reported a steep decline in...

Iran lifts its ban on imports of new iPhone models in place since last year

TEHRAN, Iran -- Iranians will soon be able to get their hands on iPhones 14, 15 and...

What to know about Europe's tariffs on Chinese electric vehicles

FRANKFURT, Germany -- The European Union has finalized its sharply higher customs duties on electric vehicles imported...