11.2 billion riyal funding agreements with various banks, News
Riyadh (News Hub update news) Saudi Arabian airline Saudi Arabia has signed 11.2 billion riyal funding agreements with six banks to increase its fleet. According to Saudi sources, the agreements are the largest in the history of Saudi Air.
The agreement stipulates that the airline will be funded for the year 2024, through which Saudi Arabian Airlines "Boeing" and "Airbus" will be funded.
It will buy 73 aircraft from companies. The agreement was signed by the Saudi Minister of Transport Saleh Al-Jasser and Director General of Saudi Airlines Ibrahim Abdulrahman Al-Omar, while representatives of the banks signed. From 20 aircraft A321, fifteen "A321" 8 aircraft 787-10 which will be for the fleet of Saudi Air, while 30 aircraft A320 will be purchased for "Adele Air".
In this regard, Transport Minister Saleh Al-Jasser said that the agreement with the banks will
facilitate
the airline's air force, which will bring economic stability to the country.
"Expansion of the air, fleet will improve the tourism sector while providing more employment opportunities to the youth," he said.
This
will go a long way in improving the airline, especially as airlines around the world are
going through a
difficult time due to the coronavirus.
0 Comments