Riyadh Air starts to build fleet, orders Boeing 787-9 Dreamliners

Riyadh Air starts to build fleet, orders Boeing 787-9 Dreamliners

Riyadh Air, the new airline launched by the Public Investment Fund (PIF), has placed an order of up to 72 Boeing 787-9 Dreamliner aircraft in a multi-billion dollar deal, it announced today. The order – 39 confirmed aircraft with an option to acquire 33 additional wide-body 787-9 Dreamliners – is aimed at establishing the kingdom as a global aviation hub. In total, the kingdom’s two national carriers announced their intent to purchase up to 121 787 Dreamliners in what will be the fifth largest commercial order by value in Boeing’s history. This deal will support the kingdom’s goal of serving 330 million passengers and attracting 100 million visits by 2030. In terms of economic impact, in the US, the deal is expected to support nearly 100,000 direct and indirect jobs and more than 300 suppliers from across 38 states, including 145 US small businesses, while in Saudi Arabia, the new airline is expected to add $20bn to non-oil GDP growth and create more than 200,000 direct and indirect jobs. The order also underlines the importance of Riyadh Air environmental goals as it aims to operate one of the newest and most sustainable airline fleets in the world, while intending to