News
Riyadh Air Makes Multi-Billion Dollar Deal With Boeing
The investment will see the Saudi Arabian airline take delivery of up to 72 aircraft.
Saudi Arabia’s Riyadh Air, the airline backed by the county’s Public Investment Fund, has ordered up to 72 Boeing 787-9 Dreamliner aircraft in a multi-billion dollar deal.
The order is unprecedented for a new airline and highlights Saudi Arabia’s ambition to become a major aviation hub.
The order comprises 39 confirmed aircraft plus another 33 wide-bodied 787-9 Dreamliners. It comes as Saudi Arabia’s national carriers announced their intent to order up to 121 aircraft in total, representing the fifth-largest commercial order by value in Boeing’s history.
The huge Boeing order will help to shuttle a projected 330 million passengers by 2030. His Excellency Yasir Al-Rumayyan, Governor of the PIF and Chairman of Riyadh Air, applauded the move, saying, “This is a momentous day for PIF and Riyadh Air, and highlights our determination to significantly extend Saudi Arabia’s connectivity with the world”.
Also Read: Robots Are Coming To Dubai Airport For Speedier Check-Ins
Riyadh Air is a digital-first airline committed to sustainability, in line with Saudi Arabia’s Vision 2030 toward net zero emissions. The Boeing 787-9 Dreamliner is manufactured to achieve lower CO2 emissions, greater fuel efficiency, and pass stringent noise regulations.