Company Insights Saudia Aviation Saudia News Opinion Finance Home is where the heart is for GCC wealth funds The Gulf's SWFs are stepping up domestic investment September 5, 2024 Aviation Virgin Atlantic confirms partnership with Riyadh Air Virgin Atlantic has signed a partnership with Riyadh Air, which will start when the new Saudi national carrier launches next year. Riyadh Air has been expected to announce cooperation agreements with other operators. A statement said the partnership would open new destinations in Saudi Arabia and beyond, and would include Virgin’s London-Riyadh route, but gave […] September 5, 2024 Transport Saudia’s new expansion plan to drive global growth Saudi Arabian Airlines (Saudia) intends to increase its fleet from 188 to 300 aircraft by the end of 2032, director general Ibrahim Al-Omar told Socrates, an Arabic language podcast. Saudia ordered 105 aircraft from Airbus in May, with the first batch due for delivery in early 2026. Additionally, the Saudi flag carrier plans to double […] August 28, 2024 Logistics PIF plans new cargo airline to take on UAE and Qatar Saudi Arabia’s Public Investment Fund (PIF) is planning to launch a new cargo airline to compete with the logistics dominance of the UAE and Qatar, a news report said. The sovereign wealth fund is in early discussions with Boeing and Airbus about purchasing or leasing freighters, Bloomberg reported, citing informed sources. The proposed new cargo […] August 20, 2024 Aviation Riyadh Air awards $400m ground handling contract Riyadh Air, Saudi Arabia’s new national carrier, has awarded a SAR1.5 billion ($400 million) ground handling services contract in the kingdom as it gears up to launch operations next year. The 4.5-year contract, with an option for a two-year extension, was awarded to Saudi Ground Services Company, which trades on the Saudi stock exchange. Under […] August 13, 2024 Transport Flyadeal seat capacity rises with fleet expansion Flyadeal, Saudi Arabia’s low-cost airline, reported a 5 percent year-on-year rise in seat capacity amid fleet expansion. The available seating capacity reached more than 5 million in the first half of 2024 as its fleet size increased 12 percent annually to 33 aircraft. The airline increased its routes to 75, up 8 percent year on […] August 1, 2024 Opinion Business of Sport Hosting the Olympics is set to be a marathon for Gulf bidders If Qatar and Saudia Arabia bid for 2036 they face a race against time to train medal-winning talent July 29, 2024 Aviation Saudia to buy 50 air taxis from Germany’s Lilium Saudi national carrier Saudia has agreed to buy at least 50 pilotless electric flying vehicles from Germany’s Lilium in the region’s biggest “air taxi” deal so far. The deal for what the industry calls electric vertical take-off and landing (eVTOL) aircraft is Saudia’s second major order this year. In May Saudia ordered 105 Airbus aircraft, […] July 18, 2024 Aviation Airbus trims order book outlook for the Middle East Airbus has reduced its forecast for demand for wide-body aircraft in the Middle East over the next 20 years. The European jet maker increased its global forecast for wide-body demand by 9 percent to 8,920 units. However, it cut its prediction for the Middle East by 2 percent to 1,570 aircraft. NewsletterGet the Best of […] July 17, 2024 Analysis Aviation Damascus resumes Saudi flights but sanctions stifle trade Syria has resumed weekly flights from Damascus to Saudi Arabia as commercial relations warm up further after diplomatic ties were restored last year. But Syrian integration into regional economies is still moving slowly, because of US sanctions. Syrianair began the once-weekly flights to Riyadh on July 10, adding its list of Gulf destinations including Dubai, […] July 17, 2024 Posts navigation Previous 1 2 3 4 … 12 Next
Opinion Finance Home is where the heart is for GCC wealth funds The Gulf's SWFs are stepping up domestic investment September 5, 2024
Aviation Virgin Atlantic confirms partnership with Riyadh Air Virgin Atlantic has signed a partnership with Riyadh Air, which will start when the new Saudi national carrier launches next year. Riyadh Air has been expected to announce cooperation agreements with other operators. A statement said the partnership would open new destinations in Saudi Arabia and beyond, and would include Virgin’s London-Riyadh route, but gave […] September 5, 2024
Transport Saudia’s new expansion plan to drive global growth Saudi Arabian Airlines (Saudia) intends to increase its fleet from 188 to 300 aircraft by the end of 2032, director general Ibrahim Al-Omar told Socrates, an Arabic language podcast. Saudia ordered 105 aircraft from Airbus in May, with the first batch due for delivery in early 2026. Additionally, the Saudi flag carrier plans to double […] August 28, 2024
Logistics PIF plans new cargo airline to take on UAE and Qatar Saudi Arabia’s Public Investment Fund (PIF) is planning to launch a new cargo airline to compete with the logistics dominance of the UAE and Qatar, a news report said. The sovereign wealth fund is in early discussions with Boeing and Airbus about purchasing or leasing freighters, Bloomberg reported, citing informed sources. The proposed new cargo […] August 20, 2024
Aviation Riyadh Air awards $400m ground handling contract Riyadh Air, Saudi Arabia’s new national carrier, has awarded a SAR1.5 billion ($400 million) ground handling services contract in the kingdom as it gears up to launch operations next year. The 4.5-year contract, with an option for a two-year extension, was awarded to Saudi Ground Services Company, which trades on the Saudi stock exchange. Under […] August 13, 2024
Transport Flyadeal seat capacity rises with fleet expansion Flyadeal, Saudi Arabia’s low-cost airline, reported a 5 percent year-on-year rise in seat capacity amid fleet expansion. The available seating capacity reached more than 5 million in the first half of 2024 as its fleet size increased 12 percent annually to 33 aircraft. The airline increased its routes to 75, up 8 percent year on […] August 1, 2024
Opinion Business of Sport Hosting the Olympics is set to be a marathon for Gulf bidders If Qatar and Saudia Arabia bid for 2036 they face a race against time to train medal-winning talent July 29, 2024
Aviation Saudia to buy 50 air taxis from Germany’s Lilium Saudi national carrier Saudia has agreed to buy at least 50 pilotless electric flying vehicles from Germany’s Lilium in the region’s biggest “air taxi” deal so far. The deal for what the industry calls electric vertical take-off and landing (eVTOL) aircraft is Saudia’s second major order this year. In May Saudia ordered 105 Airbus aircraft, […] July 18, 2024
Aviation Airbus trims order book outlook for the Middle East Airbus has reduced its forecast for demand for wide-body aircraft in the Middle East over the next 20 years. The European jet maker increased its global forecast for wide-body demand by 9 percent to 8,920 units. However, it cut its prediction for the Middle East by 2 percent to 1,570 aircraft. NewsletterGet the Best of […] July 17, 2024
Analysis Aviation Damascus resumes Saudi flights but sanctions stifle trade Syria has resumed weekly flights from Damascus to Saudi Arabia as commercial relations warm up further after diplomatic ties were restored last year. But Syrian integration into regional economies is still moving slowly, because of US sanctions. Syrianair began the once-weekly flights to Riyadh on July 10, adding its list of Gulf destinations including Dubai, […] July 17, 2024
