Aviation Flyadeal confirms order of 51 Airbus narrowbody jets By Pramod Kumar May 31, 2024, 4:25 AM Flyadeal/X The new Airbus aircraft will provide optimum fuel efficiency in line with the kingdom’s sustainability drive, said Flyadeal Flyadeal, Saudi Arabia’s low-cost airline, has ordered 51 narrowbody Airbus aircraft to fuel its expansion plans. The carrier confirmed on Thursday it will receive 12 Airbus A320neos and 39 A321neos as part of the announcement by its parent company, Saudia Group, for 105 aircraft, the “largest deal in Saudi aviation history”. Deliveries of the new aircraft will start in 2026. Flyadeal’s fleet will triple in size from the current 32 all-Airbus A320neo and ceo variants to more than 100 aircraft by 2030. NewsletterGet the Best of AGBI delivered straight to your inbox every week The airline’s network reach will increase from 30 domestic and international destinations to over 100 within six years. Flyadeal CEO Steven Greenway said the A321neos will give the airline the flexibility on high-demand routes and to slot-constrained airports by offering up to 240 seats that represent 30 percent more capacity than its current 186-seat A320s. Flyadeal’s current fleet operates from three hubs in Jeddah, Riyadh and Dammam. John Grant: Is Saudi’s aviation strategy cleared for landing? More low-cost airline routes planned for Saudi Arabia Riyadh Air not buying from China’s Comac ‘for now’ The airline is inducting on average one aircraft every month into the fleet from an existing order until the end of 2025. Saudia director general Ibrahim Al-Omar told an aviation industry forum in Riyadh this month that 88 new aircraft “will be received in the next five years”. The kingdom’s new airline, Riyadh Air, owned by the Public Investment Fund, will announce a fleet of narrowbody jets later this year for a first-phase expansion that will eventually include a new terminal in Riyadh. The total number of air passengers in Saudi Arabia rose 26 percent to 112 million in 2023, including a 46 percent rise in the total number of international travellers to 61 million.
Mining Ma’aden signs $1bn contracts to develop industrial cities Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 10 hours ago
Tax $660m a year ‘sin tax’ target set by Kuwait Saudi mineral giant Ma’aden has signed three contracts worth a combined $922 million with foreign companies to develop a third phosphate fertiliser project. The majority state-owned Saudi mining company announced the agreements in a note to the Saudi bourse on Thursday, coinciding with the final day of the Future Minerals Forum in Riyadh. Ma’aden is […] 11 hours ago
Transport Tenders issued for high speed Abu Dhabi-Dubai rail link Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […] 12 hours ago
Construction Dubai Multi Commodities Centre announces “Crypto Tower” Dubai Multi Commodities Centre (DMCC) and software company Reit Development have announced plans to build a 17-storey “Crypto Tower” that they say will demonstrate the use of blockchain technology. Blockchain will be used for tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. The 150,000 sq […] 13 hours ago