Insiders say Riyadh Air plans to be the biggest airline within the Middle East in income, beating Emirates, Qatar Airways and Etihad.
Tourism specialists within the Saudi Arabian Kingdom work quietly however love Mega tasks, and so they like to shine. Today is such a day of glamor, nationwide pleasure, and a brand new turning level for aviation in Saudi Arabia, the Gulf Region, the Middle East, and the world it connects to.
A brand new star is born: Riyadh Airways.
Mega Travel and Tourism developments within the Kingdom of Saudi Arabia want connectivity.
Saudi Arabia has been shining for the final three years with a brand new fashion of opening to the world and developments. 16 new mega tasks had been introduced.
This is actually a a metamorphosis
HE Gloria Guevara, Top Advisor to HE Ahmed Al Khateeb, Minister of Tourism for the Kingdom of Saudi Arabia
Saudia, the normal nationwide provider for the Kingdom of Saudi Arabia, has a brand new sister. Saudia’s headquarter is within the Saudi Arabian metropolis of Jeddah, the gateway to the holy metropolis of Mekka. Religious site visitors is the bread and butter for this provider. Saudia has additionally been working exhausting to develop into a provider for sports activities, tourism, and sustainability.
Riyadh Air is a brand new large airline in progress. Saudi Arabia-headquartered Riyadh Air shall be based mostly within the capital metropolis of Riyadh, the enterprise gateway to the dominion and gateway to the fast-growing tourism middle of the nation.
According to Ms. Guevara, Riyadh Air is just not a competitor to Saudia however works complimentary throughout the world of the 2 nationwide carriers within the kingdom.
A competitor to Emirates, Qatar Airways, Etihad, and Turkish Airlines is born
Saudi Arabian tourism is thought for its 16 mega tasks, and Riyadh Air could develop into one other such undertaking.
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (“PIF”), introduced in the present day the institution of “Riyadh Air,” an entirely owned PIF firm.
The new nationwide provider will leverage Saudi Arabia’s strategic geographic location between the three continents of Asia, Africa, and Europe, enabling Riyadh to develop into a gateway to the world and a worldwide vacation spot for transportation, commerce, and tourism.
Riyadh Air shall be chaired by His Excellency Yasir Al-Rumayyan, Governor of the Public Investment Fund.
At the identical time, Tony Douglas, ex-CEO of Etihad Airways, brings over 40 years of expertise within the aviation, transportation, and logistics industries and has been appointed Chief Executive Officer for Riyadh Air. The airline’s senior administration will embrace Saudi and worldwide experience.
On October 19, 2022, Tony Douglas stepped down as CEO of Etihad Airways and took on a ‘consultancy role’ as an alternative.
Instead, Douglas was headhunted away by Saudi Arabia to create this new, 5-star airline that ought to rival the Gulf carriers.
Who would qualify higher for the job than Douglas? Tony Douglas – the person who circled Etihad.
In January Aviation Business Me reported Douglas stepped down from his new job as CEO of Riyadh Air. This confirmed as incorrect, however rumors have been spreading about this newest 100 billion Dollar funding by the oil wealthy kingdom into turning into a brand new chief for worldwide aviation.
Operating from Riyadh as its hub, the airline will usher in a brand new international period for the journey and aviation trade.
Riyadh Air shall be a world-class airline, adopting the perfect international sustainability and security requirements throughout its superior fleet of plane outfitted with the most recent cutting-edge expertise.
The airline is predicted so as to add USD20 billion to non-oil GDP progress and create greater than 200,000 direct and oblique jobs.
As an entirely owned PIF subsidiary, the brand new nationwide airline will profit from PIF’s funding experience and monetary capabilities whereas increasing on the corporate’s operations to develop into a number one nationwide provider.
The new nationwide airline represents PIF’s newest funding within the sector, together with the just lately introduced King Salman International Airport masterplan.
Riyadh Air goals to reinforce clients’ journeys whereas connecting them to over 100 locations around the globe by 2030; by providing an distinctive expertise with genuine, heat Saudi hospitality at its coronary heart.
The airline will permit vacationers from around the globe to go to Saudi Arabia’s cultural and pure sights.
Riyadh Air will even catalyze the Saudi National Transport and Logistics Strategy and the National Tourism Strategy by growing air transport choices, elevating cargo capability, and, in flip, rising worldwide passenger site visitors.
Establishing Riyadh Air is a part of PIF’s technique to unlock the capabilities of promising sectors that may assist drive the diversification of the native financial system.
It will allow a extra financially resilient aviation ecosystem in Saudi Arabia, supporting the trade’s international competitiveness in step with Vision 2030.
