RIYADH: Saudi Arabia’s Saudia Group will purchase 105 Airbus planes, the corporate stated on Monday, hailing it as the most important plane deal within the nation’s historical past.
Saudia airline will obtain 54 A321neo plane, whereas price range offshoot flyadeal will purchase 12 A320neo and 39 A321neo planes, it stated in a press release.
The deal is valued at $19 billion, in accordance with a separate assertion from the Future Aviation Discussion board, the convention within the Saudi capital Riyadh the place the deal was introduced. “This landmark settlement encompasses 105 confirmed plane and marks a major second not just for the Saudi aviation trade but additionally for the broader MENA area,” the Saudia assertion stated.
The acquisition, described as “the most important plane deal in Saudi aviation historical past”, marks an additional funding by Saudi airways greater than a 12 months after new service Riyadh Air was unveiled.
Printed in Daybreak, Might twenty first, 2024