{"id":137506,"date":"2023-03-13T18:00:00","date_gmt":"2023-03-13T18:00:00","guid":{"rendered":"https:\/?p=137506"},"modified":"2023-03-14T00:08:47","modified_gmt":"2023-03-14T00:08:47","slug":"saudi-arabia-launches-new-national-airline","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/03\/saudi-arabia-launches-new-national-airline.html","title":{"rendered":"Saudi Arabia launches new national airline"},"content":{"rendered":"\n

Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced Sunday the creation of a new national airline, Riyadh Air<\/strong>, with industry veteran Tony Douglas as its CEO.<\/p>\n\n\n\n

Riyadh Air will reach more than 100 destinations worldwide by 2030, taking advantage of the kingdom’s location between Asia, Africa and Europe, state news agency SPA said.<\/p>\n\n\n\n

The new airline is expected to contribute $20 billion to Saudi Arabia’s non-oil GDP growth and create more than 200,000 direct and indirect jobs.<\/p>\n\n\n\n

\u2192 New airline Air Japan presented products and services it will offer<\/a><\/em><\/strong><\/p>\n\n\n\n

The announcement may lead to a tougher battle for passengers, taking on regional giants such as Emirates, Qatar Airways and Turkish Airlines as the travel industry recovers from the pandemic.<\/p>\n\n\n\n

Riyadh Air is wholly owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), which has more than $600 billion in assets and is the main driver of the kingdom’s efforts to diversify its economy and divest from oil.<\/p>\n\n\n\n

In October, Saudi Arabia was in advanced negotiations to order nearly 40 A350 aircraft from Airbus, and Boeing was also pushing for orders, according to industry sources.<\/p>\n\n\n\n

The head of state-owned Saudi Arabian Airlines (Saudia) told Reuters at the time that it was in talks with Boeing and Airbus about orders for both itself and a planned new carrier.<\/p>\n\n\n\n

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