Saudi Arabian aircraft lessor AviLease has raised $2.5 billion in funding, as it seeks to become one of the world’s top 10 aircraft leasing companies by 2030.
Talks are underway over the possibility of creating a new, dedicated cargo airline for Saudi Arabia, according to well-placed sources in the Arab nation.
Near-space tourism provider Halo Space is gearing up for its next test flight over Saudi Arabia using its full-sized capsule designed for passenger flights.
Saudi Arabian defense companies have signed cooperation agreements with their Turkish counterparts during a visit by Defense Minister Khalid bin Salman Al Saud.
The LCC is looking at aircraft for flights into Southeast Asia or India to accommodate the large volumes of low-yield migrant labor traffic into Saudi Arabia.
The possibility of Embraer airliners being built, or assembled, in Saudi Arabia, has increased following the signing of a memorandum of understanding in Riyadh.
It marks the latest effort by Joby to expand into the Middle East, having previously announced plans to operate its S4 air taxis in Abu Dhabi and Dubai.
Saudia Group has signed a firm order for an additional 93 A321neos and 12 A320neos to be shared between its full-service carrier Saudia and LCC Flyadeal.
The General Authority of Civil Aviation will unveil a plan to increase the GDP of its general aviation sector tenfold by 2030 at the 2024 Future Aviation Forum.
