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Read Full Issue Saudi Arabia’s Riyadh Air is in talks over its inaugural acquisition of a fleet of jets, Reuters reports. The recently established airline is in discussions with Airbus and Boeing to acquire a significant number of narrow-body jets, CEO Tony Douglas said, without disclosing an exact number. Boeing could be selling at least 150 737 Max aircrafts to Riyadh Air for an estimated USD 8 bn, as the airline is on the hunt for 300-400 single-aisle jets, according to people familiar with the matter.
ICYMI- In March, Saudi Arabia announced the establishment of Riyadh Air, its second national airline, which is set to launch in Riyadh in two years with experienced industry veteran Douglas as its CEO. This announcement coincided with an order of up to 72 Boeing 787s. The move is part of the country’s strategy to expand its air travel services to more than 100 destinations by 2030.
Emirates to expand its aircraft fleet: TheUAE’s Emirates airline may order more aircraft as the carrier looks to cope with future demand through the 2030’s, Reutersqoutes Emirates President Tim Clark as saying on the sidelines of the IATA Annual General Meeting and World Air Transport Summit, yesterday in Istanbul.
The airline is eyeing either the addition of more Airbus “A350s, more Boeing 777-9 and possibly the 787 range,” Clark added, without disclosing the exact number of aircraft, the newswire reports. The push to add more aircraft to its fleet comes as “the demand for our services continues to outpace our ability to get the capacity in place,” Clark reportedly said.
ICYMI- Emirates also recently expanded its cargo divisions fleet with the addition of two Boeing 747-400Fs to its freighter fleet as part of plans to double its capacity over the next decade, and has the addition of 15 more freighters by 2025, and 300 more aircraft by mid-2030 in the pipeline.
OTHER AVIATION NEWS-Air Arabia also plans to double its fleet capacity in the next year to support Abu Dhabi's growing tourism and aviation needs, Arabian Business reports. “Abu Dhabi is an emirate with solid destination appeal and our enhanced fleet size will continue to support the current robust inbound tourism,” CEO of Air Arabia Adel Al Ali said.
