Riyadh Air Bolsters Fleet with Major Airbus Order

Saudi Arabia's Riyadh Air has announced a significant order of 60 Airbus A321-family jets, aiming to commence operations in 2025. This move increases their total orders to 132 aircraft, including a previous order of Boeing 787 Dreamliners. The deal was finalized at the Future Investment Initiative forum.

Saudi startup Riyadh Air made headlines on Tuesday by unveiling an order of 60 new Airbus A321-family jets, as the new airline prepares for its 2025 debut.

Signed at the high-profile Future Investment Initiative forum in Riyadh, the agreement expands Riyadh Air's total orders to 132 aircraft. Last year, the carrier secured 39 Boeing 787 Dreamliners with options for 33 more.

Valued at approximately $4 billion after discounts, the Airbus deal follows intense industry speculation regarding Riyadh Air's fleet expansion strategy, amid negotiations with both Boeing and Airbus for future narrowbody aircraft purchases.

(With inputs from agencies.)