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

Mohammed Bin Rashid Space Centre launch second edition of Explore Mars Competition

Mohammed Bin Rashid Space Centre, the entity in charge of designing, implementing and supervising all the phases of the Emirates Mars Mission- Hope mission under the supervision of the UAE Space Agency, has announced the launch of the

Gulf Air goes daily to Istanbul

Gulf Air will introduce a permanent increase to its Istanbul service with daily flights on the route effective early November 2017.

Etihad Airways offer automated credit card payment plans

Etihad Airways has become the first airline in the region to offer fully automated credit card Installment payment plans after partnering with PayFort, the leading online payment service provider in the Arab world.

Gulfstream Aerospace marks five-year anniversary of G650 Type Certification

Gulfstream Aerospace has recently marked the five-year anniversary of the Gulfstream G650's type certification by the Federal Aviation Administration (FAA) with a look back at the aircraft's esteemed history.

Gogo Business Aviation goes global with High-Speed Satellite Connectivity Service

Gogo Business Aviation is expanding its reach to become a global provider with the announcement of a high throughput satellite service for business aviation.

How Avionav is switching on the lights in Tunisia

Tunisia is growing its own indigenous aircraft manufacturing business and is now looking for wider market reach, as Vincent Chappard discovers.

Kuwait Aviation SK1909310118
See us at
DAS BT1105161117DIAC BT1105121117AIME BT1204240118Global Aerospace BT28218Aviation Show 267291117Commercial Aircraft Financing BT2017DASAS BT3006161117AIMA Africa 2017Aviation Africa BT18418