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- Bahrain Bourse, BIBF launch second edition of Board Mentorship Programme
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- Maaden net profits jump 58% to 413m in Q1
- Mumtalakat posts record net profit of $963m for 2024
- Saudia eyes fleet, network expansion: More routes and flights coming soon
07/05/2025 01:46 AST
Saudi Arabia's national carrier, Saudia, is actively accelerating its fleet and network expansion plans. The airline is making significant moves, including major aircraft orders and pushing for faster innovation and technology adoption, all part of a strategy to strengthen its position and compete with major regional aviation players like Emirates and Qatar Airways.
Just last month, Saudia unveiled a substantial agreement with Airbus for up to 20 new wide-body A330neo aircraft. This included a firm order for 10 jets for flyadeal, Saudia's sister budget carrier, marking a 'milestone' expansion for their fleet. Looking ahead, Saudia is also set to embark on an ambitious retrofit programme for its existing aircraft.
According to Arved von zur Muehlen, Saudia's EVP and Chief Commercial Officer, there's more growth on the horizon. This year, Saudia anticipates receiving five new narrow-body aircraft. These planes will enable the launch of 10 new destinations during the summer peak, primarily targeting routes in the Mediterranean and Europe, including popular spots like Venice, Crete, Malaga, Antalya, and Bali.
Arab News
30/04/2025
Saudi Arabia and China are strengthening their air cargo cooperation through a new agreement to create a joint freight hub as part of the Air Silk Road initiative.
The deal, inked between Sa
Arab News
24/04/2025
Saudia Group has signed a new agreement with Airbus to acquire 20 wide-body A330neo aircraft, including 10 confirmed orders for its low-cost carrier flyadeal, as part of its fleet expansion strategy.
Arab News
05/10/2017
Saudi Arabian Airlines could list shares in its cargo business next year as part of the state-owned carrier's privatisation plan, its top executive said on Thursday.
Cargo would be the thi
Reuters
| Ticker | Price | Volume |
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| Ticker | Price | Change |
|---|---|---|
| SERVICEEQUIPMENT | 74.00 | 2.30 (3.20 |
| ALMUTAHED | 0.00 | 0.00 (0.00 |
| ALMAL | 0.00 | 0.00 (0.00 |
| ALAMAN | 0.00 | 0.00 (0.00 |
| MASSALEH | 0.00 | 0.00 (0.00 |
07/05/2025
Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemical companies, reported a net loss of 1.21 billion riyals ($322.6 million) for the first quarter of 2025, reflecting c
Asharq Al Awsat
07/05/2025
Abraj Energy Services, Oman's leading oil and gas services provider, has announced the award of a significant new contract by BP Exploration (Epsilon) Limited, marking a renewed collaboration between
Muscat Daily
07/05/2025
Adnoc Distribution, the UAE's largest fuel and convenience retailer, reported a record Q1 EBITDA and fuel volumes that drove double-digit year-on-year (y-o-y) earnings growth.
For the first
Trade Arabia
07/05/2025
Saudi Arabian Mining Company (Maaden), one of the world's fastest growing mining companies, today reported a revenue of SAR8.51 billion ($2.27 billion) for the first quarter of 2025, a 16% year-on-ye
Trade Arabia
07/05/2025
QNB supported innovation and youth development as the 'Gold Sponsor' of the Creativity & Innovation for Engineering Solutions Development Forum hosted by Qatar University (QU)'s College of Engineerin
Gulf Times
Financial Information Co.
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