Riyadh Air (Riyadh) has been launched as the second flag carrier of Saudia Arabia after Saudia.
Crown Prince Mohammed bin Salman of Saudia Arabia formally announced on Sunday, March 12, the establishment of the new national airline, Riyadh Air, with Tony Douglas as its CEO, formerly of Etihad Airways.
The new airline will grow quickly, planning to serve 100 world destinations by 2030.
Riyadh Air is wholly owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF).
Saudia Arabia is currently in negotiations with Airbus and Boeing.
The new carrier will compete against Emirates, Etihad Airways, Qatar Airways and Turkish Airlines in the region.