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Tuesday, November 12, 2024
Tuesday November 12, 2024
Tuesday November 12, 2024

Riyadh Air set to order new wide-body jets by early 2025

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Riyadh Air jet order: Saudi Arabia is considering Boeing 777x and Airbus A350-1000 for fleet expansion; the decision is anticipated by Q1 or Q2 2025

Riyadh Air, Saudi Arabia’s newest national airline, is gearing up for a significant expansion as it plans to finalize a wide-body jet order by early next year. CEO Tony Douglas confirmed that the airline is considering both the Boeing 777X and Airbus A350-1000 models to support its growing ambitions. The decision, expected in the first or second quarters of 2025, signals Riyadh Air’s intent to establish itself as a major player in the global aviation market.

The young airline already made substantial purchases last year, including 39 Boeing 787 Dreamliners with options for another 33. This deal was part of a broader agreement involving Saudi Arabia’s flagship carrier, Saudia. In a further expansion move, Riyadh Air recently ordered 60 Airbus A321neo aircraft, aligning with its vision to operate a fleet exceeding 200 planes in the coming years.

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Douglas highlighted the versatility that the A321neo will bring to Riyadh Air’s fleet. The airline plans to use these jets on new routes or for flights where demand might not justify the use of larger, 290-seat Boeing 787s. Operating smaller aircraft where there’s lower demand would help Riyadh Air maintain efficiency, as large jets flying with empty seats would be financially unsound.

Securing delivery slots for these in-demand Airbus A321neo jets posed a challenge, given their popularity and high demand across airlines globally. Riyadh Air strategically acquired these slots in a complex deal involving AirAsia, which recently restructured its own fleet. This move positions Riyadh Air for deliveries between 2026 and 2030, allowing it to proceed with its long-term growth plan.

Backed by Saudi Arabia’s Public Investment Fund (PIF), Riyadh Air plays a pivotal role in advancing Vision 2030, the country’s strategy for economic diversification beyond oil. The airline aims to transform Riyadh into a significant hub in global aviation by expanding its fleet and route network.

The airline’s upcoming discussions with Boeing and Airbus will help it finalize a wide-body jet model suited for high-capacity, long-haul routes. These acquisitions, coupled with the airline’s planned launch next year, reflect Saudi Arabia’s commitment to strengthening its position in international air travel.

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