
Riyadh Air, the ambitious new airline from Saudi Arabia, is in the midst of negotiations with both Boeing and Airbus for a significant order of up to 50 widebody aircraft. This move is part of the airline's strategy to expand its fleet and contribute to Saudi Arabia's vision of becoming a global aviation and tourism hub. Launched with the backing of Saudi Arabia's Public Investment Fund (PIF), Riyadh Air aims to serve over 100 destinations by 2030. The airline has already made headlines with its initial orders, which included 39 Boeing 787-9 Dreamliners in March 2023, with options for an additional 33, and 60 Airbus A321neo narrowbody aircraft in late 2024. Now, with its sights set on long-haul routes, Riyadh Air is considering adding a substantial number of widebody jets to its fleet.
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The choice between the Airbus A350-1000 and Boeing's 777X is at the heart of these negotiations. The A350-1000, known for its fuel efficiency and long-range, can accommodate up to 480 passengers in a two-class configuration, making it an attractive option for long-haul flights. On the other hand, the Boeing 777X, which includes the 777-8 and 777-9 variants, offers significant advancements in technology and passenger comfort, with capacities for up to 396 and 426 passengers respectively. The decision is not merely about aircraft capacity but also involves considerations of delivery slots, which have become increasingly competitive due to global demand and production delays. CEO Tony Douglas has emphasized the urgency of securing these slots, as they are crucial for Riyadh Air's planned expansion timeline. The airline is eager to establish a robust presence in international markets, particularly in Asia, Europe, and North America, where widebody aircraft will be essential for non-stop services.
This potential order is a testament to Riyadh Air's strategy to maintain a mixed fleet, allowing flexibility in serving different market segments while leveraging the strengths of both manufacturers. The airline's approach contrasts with some carriers that prefer to standardize one manufacturer's products for simplicity in maintenance and training. However, Riyadh Air seems to prioritize strategic route planning and operational efficiency by diversifying its fleet. The negotiations are taking place at a time when both Boeing and Airbus are under pressure to secure large orders to bolster their production lines, especially after a period of supply chain disruptions and delays. For Boeing, this order could be a significant vote of confidence following recent challenges, while for Airbus, it would further cement its position in the growing Middle Eastern market.
Riyadh Air's decision will also be influenced by economic factors, including the cost of acquisition, maintenance, and fuel efficiency over the aircraft's lifecycle. The airline has not disclosed the financial terms or the exact number of aircraft it might ultimately order, but industry sources suggest that the order could include options, allowing Riyadh Air to adjust its plans based on market conditions or technological advancements in the future. This prospective purchase aligns with Saudi Arabia's broader economic diversification plans, particularly under the Vision 2030 strategy, which sees aviation as a key driver of tourism and economic growth. By expanding its fleet with modern, efficient widebody aircraft, Riyadh Air not only aims to compete with established carriers but also to attract millions of tourists to the kingdom, supporting the national goal of becoming a leading global destination. As Riyadh Air continues its discussions with Boeing and Airbus, the industry watches closely. This order, if realized, would not only mark a significant step for the young airline but also signal the shifting dynamics in global aviation, where Middle Eastern carriers play an increasingly pivotal role.