20 Mar Saudi Arabia launches new national air service
A new national air carrier service for Saudi Arabia has been announced, which will help catapult Riyadh’s status as a gateway for tourism, transportation and trade, as well as form part of the efforts to modernise the region under Saudi Vision 2030.
The Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) announced the formation of Riyadh Air, backed by the funding of the Public Investment Fund.
This air service will utilise the geographically strategic position of Saudi Arabia to provide high-quality transportation services between the three continents of Africa, Asia and Europe.
The Saudi Arabian air carrier will launch with an All-Boeing fleet of up to 72 787-9 dreamliners. The emergence of the new airline will open a number of job opportunities in the security and cybersecurity sectors surrounding the transport industry of Riyadh.
The business will be chaired by His Excellency Yasir Al Rumayyan, the Governor of the PIF, while Tony Douglas brings more than 40 years of experience in aviation, transportation and logistics industries to the business, in his new role as Chief Executive Officer.
The airline’s senior management will be an accumulation of Saudi Arabian and international experts.