{"id":82063,"date":"2024-10-31T00:00:00","date_gmt":"2024-10-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/31\/riyadh-air-orders-60-aircraft-from-airbus\/"},"modified":"2024-10-31T00:00:00","modified_gmt":"2024-10-31T00:00:00","slug":"riyadh-air-orders-60-aircraft-from-airbus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/10\/31\/riyadh-air-orders-60-aircraft-from-airbus\/","title":{"rendered":"Riyadh Air orders 60 aircraft from Airbus"},"content":{"rendered":"

<\/strong> PIF-owned Riyadh Air placed a firm order with Airbus for 60 A321neo<\/strong> aircraft<\/strong>, part of the European aircraft maker\u2019s best-selling aircraft family type, according to a statement<\/a> from Airbus. The agreement was signed on the sidelines of the Future Investment Initiative forum. The story got ink from Reuters<\/a> and Bloomberg<\/a>. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

What we know:<\/strong> The order will set Riyadh Air back some USD 4 bn, Reuters said, citing estimates accounting for usual markdowns from aviation consultancy Cirium Ascend<\/a>. Deliveries are expected to run between 2H 2026 and 2030, Riyadh Air CEO Tony Douglas said. The latest order brings Riyadh Air\u2019s orderbook to 132 aircraft, with the carrier gearing up to kick off operations next year. <\/p>\n

Cutting in line:<\/strong> The lead time for the order is unusually short \u2014 given Airbus\u2019 significant backlogs \u2014 implying that Riyadh Air nabbed early slots previously booked by other airlines that could not make good on payments, industry sources said. <\/p>\n

The A320neo order is part of Riyadh Air\u2019s sustainability goals: <\/strong>The new investment \u201cwill ensure Riyadh Air operates one of the most fuel efficient fleets,\u201d Douglas said, adding that the purchase will help the Kingdom meet its decarbonization targets. The A321neo aircraft family deploys new engines and specially-designed wingtips that cut fuel consumption and CO2 emission by 20% in comparison to legacy single-aisle aircraft, while also cutting back on noise pollution, according to Airbus. <\/p>\n

Yet another hit for Boeing: <\/strong>The latest Airbus order follows speculation that Riyadh Air was close to sealing a 100-plane purchase from Boeing, with the airline cautioning at the time that both Airbus and Boeing were being considered for an upcoming order of narrowbody jets, Reuters noted. <\/p>\n

It\u2019s been a long time coming:<\/strong> Riyadh Air said in May<\/a> it would make follow up orders to scale up its size, without indicating whether the orders will go to Boeing, or Airbus, or a mix of the two. However, the carrier is \u201cvery conscious\u201d of delays to Boeing and Airbus orders, Riyadh Air CEO Tony Douglas stressed at the time. <\/p>\n

Saudi ?\u2019s Airbus:<\/strong> Saudi Arabia\u2019s national flag carrier Saudia made the country\u2019s largest-ever aircraft order in May<\/a> for 105 narrow-body aircraft from Airbus for USD 19 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Deliveries are scheduled to run between 2H 2026 and 2030<\/p>\n","protected":false},"author":1,"featured_media":82064,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[177],"tags":[264,145,406,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","tag-airbus","tag-aviation","tag-riyadh-air","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"74ab94bd-2af7-4953-9ea7-02b4657470e2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2836.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Riyadh Air orders 60 aircraft from Airbus","related_issue":[82058],"teaser":"Deliveries are scheduled to run between 2H 2026 and 2030","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.795373c4-710d-44fe-a5f6-d1d6102b3ccb.mp3"},"yoast_head":"\nRiyadh Air orders 60 aircraft from Airbus - 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