The Saudia Group and Airbus entered into Saudi Arabia’s largest aircraft acquisition agreement on Monday, which provides for 105 A320neo family aircraft.
The order will be split between Saudi and flyadeal. While the main Saudi carrier will have 54 A321neo and the low-cost carrier will have 12 A320neo and 39 A321neo.
The agreement was signed by the Future Aviation Forum based in Riyadh and forms part of the country’s government’s Vision 2030 project, which aims to diversify the economy, which is currently dependent on oil.
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Saudia Technic will be responsible for Maintenance, Repair, and Overhaul (MRO) services from the facilities at King Abdulaziz International Airport in Jeddah.
“Saudia has ambitious operational objectives to meet growing demand. We are increasing flights and seat capacity across our existing 100+ destinations on four continents, with plans for further expansion”, said H.E. Engr. Ibrahim Al-Omar, General Director of Saudia Group.
“The new additions of the A320neo family aircraft will play a vital role in contributing to Saudi Arabia’ ambitious Vision 2030 plan. It will enable Saudia Group’s strategy to advance the Kingdom’s aviation capabilities while enabling both airlines to benefit from the A320neo Family’s exceptional efficiency, superior economics, highest level of passenger comfort as well as lower fuel-burn and emissions,” added Benoît de Saint-Exupéry , vice president of sales at Airbus.
A deadline for the start of aircraft deliveries has not been revealed.
