Transportation
Airbus Wins Order for 60 A321 Jets From Saudi Startup Riyadh Air
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Airbus SE won an order for 60 A321neo jets from Saudi Arabia’s new carrier, as the kingdom pours billions of dollars into turning the country into an aviation and tourism hub.
Riyadh Air, backed by the country’s sovereign wealth fund, announced the deal at the Future Investment Initiative conference on Wednesday. With the order, the carrier will have purchased 132 planes altogether. It plans to begin services in 2025, according to a statement that confirmed an earlier Bloomberg News report.