Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.
Saudi Arabia appears to have become an operator of Russian Pantsir-S1 short-range anti-aircraft systems, signaling Moscow continues to pursue arms deals abroad.
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.