The aviation sector in Saudi Arabia seems to be undergoing significant growth and development, especially with Saudia Group's recent order of 105 A320neo family planes, marking the largest aircraft deal with Airbus in the Kingdom's history. Here are the key points from the announcement:
Deal Details: The $19 billion deal includes A320neo and A321neo models, with 54 A321neo aircraft for Saudia and 12 A320neo plus 39 A321neo aircraft for flyadeal.
Timeline: The delivery of the first aircraft is expected in the first quarter of 2026. Additionally, over the next five years, 88 new aircraft will be added to the Saudia fleet.
Objectives: The expansion aims to meet the growing demand for flights and seat capacity, contribute to the national economy, create jobs, and increase local content.
Technological Upgrades: Saudi Airlines will begin offering fast and high-quality internet services on its flights starting in the fourth quarter of 2024. The airline will also equip its aircraft with high-resolution Bluetooth-enabled screens.
Vision 2030 Alignment: The new aircraft align with Saudi Vision 2030 objectives, including increasing guest capacity, expanding destinations, and contributing to the growth of the tourism sector.
Riyadh Air: The growth of Saudia's fleet coincides with the development of Riyadh Air, the Kingdom's second flag carrier, which ordered Boeing 787-9 jets and plans to establish routes to 100 countries by the end of the decade.
Aviation Roadmap: Saudi Arabia has outlined a roadmap to grow its aviation sector into a $2 billion industry, focusing on business jets and supporting the country's development as a global enterprise and tourist destination.
Overall, these developments reflect Saudi Arabia's ambitions to enhance its aviation capabilities, boost tourism, and contribute to the country's economic growth.