Riyadh Air, the new premium international airline from Saudi Arabia, has placed orders for 60 A321neo single-aisle aircraft with avaitaion major Airbus in a multibillion-dollar deal that positions the airline for efficient flight operations by having an optimal fleet mix to fulfill its network ambitions of 100 destinations by 2030.
The deal inked at the Future Investment Initiative (FII) 8th Edition Conference is the latest step towards its maiden flight in 2025.
The Airbus A321neo airliner is among the most sustainable and efficient in the industry, and combined with the original wide-body aircraft order announced in 2023, will ensure the optimal mix of aircraft to match Riyadh Air’s network growth. On a scale unprecedented for an airline startup, Riyadh Air has ordered a total of 132 aircraft to power its growth plans.
Yasir Al Rumayyan, the Governor of Saudi sovereign wealth fund PIF 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."
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.
"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" remarked its CEO Tony Douglas after sealing the deal with Christian Scherer, the CEO Commercial Aircraft of Airbus.
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, he stated.
On the big order, Scherer 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," he added.
Al Rumayyan said the establishment of Riyadh Air aligns with PIF’s strategy to unlock promising sectors locally to support economic diversification.
"The airline 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 of the world," he stated.
"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," he added.-TradeArabia News Service
