Reported 27 days ago
Airbus SE has secured an order for 60 A321neo jets from Riyadh Air, a new airline backed by Saudi Arabia's sovereign wealth fund, as the kingdom aims to enhance its aviation and tourism sectors. This order increases the airline's total acquisitions to 132 aircraft, with services expected to launch in 2025. The deal highlights Airbus's competitive edge over Boeing in the regional market, as Riyadh Air seeks to establish itself against established players like Emirates and Qatar Airways.
Source: YAHOO