Saudia Airline Delegation Visits Airbus Factory in Hamburg
A delegation from Saudia airline recently visited Airbus’s factory in Hamburg to witness the progress of the largest aircraft deal in the Kingdom’s aviation history.
Landmark Agreement
The agreement, signed in May, involves the acquisition of 105 state-of-the-art A320neo and A321neo aircraft, which will be split between Saudia and its low-cost carrier, flyadeal.
Longstanding Relationship
The deal continues the longstanding relationship between Saudia and Airbus, dating back to the early 1980s when Saudia became the launch customer for the Airbus A300-600. This new deal, valued at $19 billion, aligns with Saudia Group’s Vision 2030 objectives.
Boosting Saudi Arabia’s Influence
The agreement not only strengthens Saudi Arabia’s position as a hub for entertainment, sports, and major events but also fosters business entrepreneurship and sustainable economic growth for the Kingdom.
Local Workforce Development
The deal prioritizes local workforce development and technology transfer, contributing to local content worth an estimated SR2.5 billion ($670 million) and transforming the Saudi small and medium enterprise sector.
Enhancing Diplomatic Collaboration
The partnership promotes economic and diplomatic collaboration between Saudi Arabia and European countries, creating investment opportunities and high-caliber jobs in Airbus manufacturing countries.
A New Aviation Experience
The $19 billion deal will see Saudia acquire 54 A321neo planes, while flyadeal will receive 12 A320neo and 39 A321neo aircraft. The agreement promises a new experience in business and hospitality classes, with plans for fast internet services and high-resolution screens on flights.