Subscribe Free
in Air Transport / Features

Historic 'first' for Saudia

Posted 29 August 2015 · Add Comment

Saudia is to become the first airline in the world to operate the new Airbus A330-300 Regional.

 Passenger demand in Saudi Arabia is experiencing high growth, both on domestic and regional routes. The new A330-300 Regional variant, specially designed for regional and domestic operations, is Airbus’ solution for markets with large populations and fast-growing, concentrated air traffic flows.

The aircraft is set to boost capacity on several of Saudi Arabian Airlines most in-demand routes.
Saleh bin Nasser Al-Jasser, Saudia’s director general said: “The A330-300 Regional’s unique flexibility, high capacity and operational capabilities will enable us to expand our domestic and regional network and better absorb growing passenger traffic.”
The shopping spree will not end there. Al-Jasser said the airline is “keen to modernise” its fleet and indicated that, within five years, it would acquire “more than 100” aircraft of various types.
The purchase of the new A330s led to a record finance deal by the Saudi airline.
Lessors, International Airfinance Corporation (IAFC) appointed Quantum Investment Bank (Quantum) and Palma Capital (Palma) ­– both based at the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA) – as exclusive arrangers for the largest aircraft leasing deal in Saudi Arabian Airlines’ history.
The deal consists of arranging debt and equity financing to acquire 20 A330-300s and 30 A320-200s.
The A330-300 Regional is optimised to seat up to 400 passengers, utilising the Airbus 18-inch wide economy seat comfort on missions up to 3,000nm. It offers significant cost savings through a reduced operational weight of around 200tonnes.
The reduction in fuel burn per seat and maintenance costs will result in an overall cost reduction by up to 26% compared with the today’s long-range A330-300. Airbus said the A330 Regional benefits from the latest A350 XWB and A380 technologies.
* required field

Post a comment

Other Stories
Advertisement
Latest News

Stratajet heads for the Middle East

A private jet online booking company is about to launch in the Middle East. But, before it does, the company's founder will be undertaking a unique recce. Dave Calderwood reports.

Yahsat enters long-term partnership with X SAT FZE

Yahsat has started a long-term strategic partnership with UAE communications solutions company X SAT FZE. Under the agreement, X SAT is committed to capacity on Yahsat's upcoming Ka-band satellite, Al Yah 3, to be launched later this

Travelport and Abu Dhabi's Bin Ham Travel Group sign long term partnership

Travelport has announced a new, multi-year agreement with Bin Ham Travel Group.

FlightSafety starts only factory-authorised Gulfstream G650 training programme

FlightSafety International has announced the start of the only factory-authorised Gulfstream G650 training programme located close to operators in Europe, the Middle East, and surrounding regions.

BAA Training and IFTC sign a FFS lease agreement

BAA Training has signed a cooperation contract with International Flight Training Center (IFTC). The agreement covers lease of Airbus A320 and Boeing 737NG FFS for BAA Training students' training in Turkey.

Turkey in pilot crisis after failed coup attempt

After a failed coup attempt and a series of subsequent purges, Turkey's air force has undergone a major reorganisation, with several units disbanded and large numbers of personnel arrested. As a result, the force now faces serious pilot

TAA
See us at
Kuwait APADS BT1602270317Aeropodium BT2802240417EBACE17 BT0103240517