- Saudi Arabia's PIF is close to locking in an order for Boeing commercial jets to rev up the fleet of the newly-established Riyadh Air. With a deal valued at an impressive $35 billion, the kingdom is rapidly soaring to the next level in its mission to become a transport hub and promote tourism.
- Riyadh is poised to become a worldwide hub, connecting the Saudi capital to over 100 destinations across Asia, Africa, and Europe by 2030. Boeing has reportedly ordered as many as a 100 aircrafts, comprised of long-haul wide-body jets, to make it all possible – a deal that could take flights to entirely new heights.
Why it matters
In October 2022, PIF’s Governor Yasser Al Rumayyan declared that the inaugural flight of the new airline was likely to occur within a few years, and that the aircraft used would be restricted to one or two at most. Additionally, PIF was reportedly close to ordering almost 40 A350 jets from Airbus.
