New Saudi airline Riyadh Air to intensify Gulf carrier rivalry
- Date: 20-Mar-2023
- Source: Consultancy ME
- Sector:Transport
- Country:Saudi Arabia
New Saudi airline Riyadh Air to intensify Gulf carrier rivalry
Riyadh Air, a new airline launched on Sunday and owned entirely by Saudi Arabia’s Public Investment Fund, is set to cause waves in the market. The airline is run by CEO Tony Douglas, former CEO of Etihad Airways, and will see its first flights in 2025.
Saudi Arabia’s newest airline company will serve over 100 destinations, fighting with other Gulf region providers that already serve local and international passengers. The entry of the carrier is expected to trigger a price war with competitors.
Some of the existing airlines vying for long-haul passengers making connections include Emirates Group and Etihad Airways in UAE, Bahrain’s Gulf Air, and Qatar Airways based in Doha.
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