SaudiGulf signs $2.1bn deal for 20 A320neo aircraft

Published on Friday, 16 November , 2018 12 Views Comments Add Comment

Gulf News

#Airbus #Al Qahtani Aviation #Dammam

Saudi Arabia’s Al Qahtani Aviation has signed an agreement with Airbus to acquire 20 A320neo/A321neo family aircraft worth more than $2.1 billion for its SaudiGulf Airlines.

UAE, KSA, Kuwait to Enhance Bahrain Fiscal Stability

The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…

The deal, announced at the Bahrain International Airshow today, involves 10 firm orders and 10 options, said Tariq Abdul Hadi Al Qahtani, chairman of Al Qahtani Aviation/SaudiGulf Airlines.

Fouad Attar, head of Airbus Commercial Aircraft, Africa and Middle East, was present at the press conference announcing the deal.

The agreement follows the decision of the board of directors of the company to introduce this type of aircraft to the fleet of SaudiGulf Airlines, at the rate of six to eight aircraft annually from the second half 2019, he said.

The airline will initially lease aircraft from leasing companies, taking up to 20 aircraft in the next three years, before the delivery of the contracted aircraft from Airbus start being delivered, he said.

SaudiGulf started domestic operations with four new Airbus A320 aircraft in October 2016 from its base at King Fahd International Airport in Dammam.

Earlier this year, the airline launched international flights between Riyadh and Dubai. Two aircraft have been recently added to the fleet aimed at starting operations to four destinations in Pakistan – Karachi, Lahore, Islamabad and Sialkot – from Dammam.

Bahrain to Implement VAT in 2019

Bahrain will be the next country to implement five per cent value-added tax (VAT) after the UAE and…

Keywords: Airbus Al Qahtani Aviation Dammam
Category Gulf News, Saudi Arabia | 2018/11/16 latest update at 12:50 PM
Source : Trade Arabia | Photocredit : Google

13 Views
Comments Add comment

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.