Riyadh Air Secures 60 Airbus A321neo Jets in $8 Billion Deal

The new Saudi airline aims to challenge Gulf rivals and transform Riyadh into a global aviation hub by 2030.

Riyadh Air, backed by Saudi Arabia's Public Investment Fund, plans to commence operations in 2025, eventually serving over 100 destinations.
The airline's order includes 60 Airbus A321neo jets, marking a significant win for Airbus over Boeing amid ongoing challenges faced by the US manufacturer.
This purchase is part of Saudi Arabia's Vision 2030 strategy to diversify its economy away from oil and enhance its aviation sector.
Riyadh Air's fleet expansion follows a previous order of 39 Boeing 787 Dreamliners, with options for 33 more, as it aims to compete with Emirates and Qatar Airways.
The airline's innovative approach includes offering bespoke passenger services and partnering with other PIF-backed companies to enhance its offerings.