Riyadh Air has secured slots for 15 destinations from Riyadh during the northern summer 2026 season, offering the clearest indication yet of the Saudi startup’s potential launch network as it works toward full commercial operations.
AviLease grew its revenue 19%, expanded its fleet to 202 aircraft, secured investment-grade ratings and supported Riyadh Air’s launch with key leasing deals.
Riyadh Air has formally launched Riyadh Cargo, which will utilize the belly hold capacity of a fleet intended to grow to around 120 aircraft in coming years.
Saudia is maintaining its traffic growth forecast at 7-8% in 2025 after reviewing the impact on travel demand after the Iran-Israel missile attacks in mid-June.
Riyadh Air CEO says the carrier plans to launch operations in the fourth quarter of 2025 and hopes to take delivery of two Boeing 787-9s by the end of the year.
AirAsia is set to receive $100 million from Saudi Arabia’s Public Investment Fund as the Malaysian LCC seeks to raise as much as MYR1 billion ($226 million).