Saudi Gulf Airline Signs Deal Worth US$2.1 Billion

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Saudi Gulf Airline has signed a deal with Airbus for the acquisition of A320neo/A321neo family aircrafts worth more than US$2.1 billion. The commitment was announced at the Bahrain International Airshow.

The deal follows the decision of Saudi Gulf Airline to introduce this type of aircraft to its fleet at the rate of six to eight aircraft annually from the second half of 2019, said Tariq Abdul Hadi Al Qahtani Chairman Al-Qahtani Aviation / SaudiGulf Airlines.

The airline said it will initially contract with aircraft leasing companies for the provision of brand new production aircraft from the manufacturer, in SaudiGulf Airlines specification, for up to twenty aircraft during the next three years, followed by the start of the delivery of the contracted aircraft above from Airbus directly.

SaudiGulf Airlines currently operates a fleet of six A320 aircraft from its hub in Dammam. The carrier commenced operations in 2016 serving domestic destinations across the kingdom prior to expanding to international routes.

Last month, the airline launched its second international destination with flights to four destinations in Pakistan.

Sheikh Tariq Abdulhadi Al Qahtani, chairman of Al-Qahtani Aviation and SaudiGulf Airlines, said: “As a premium service boutique airline we are excited to be adding the A320neo to our fleet. This expansion is in keeping with our intention to see the Saudi aviation sector continue to develop and grow in support of the Saudi Vision 2030.”

“The A320neo family represents a natural evolution of our current fleet of A320 aircraft and will contribute significantly to our network expansion in the region as well as internationally,” added Samer Majali, president and CEO of SaudiGulf Airlines.

The A320neo Family is the world’s best-selling single-aisle aircraft with over 6,200 orders from more than 100 customers since its launch in 2010.


Source Credit: Daily Tribune


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