50 SKY SHADES - World aviation news

Historic 'first' for Saudia

Download: Printable PDF Date: 29 Aug 2015 09:32 (UTC) categories:
Publisher:
Historic 'first' for Saudia - Airlines publisher
Tatjana Obrazcova

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.

 



Loading comments for Historic 'first' for Saudia...


Recommended

Riga Airport has finished the construction of the second rapid-exit taxiway and the reconstruction of a part of the runway

The second rapid-exit taxiway, built with the support of the Cohesion Fund, has been put into operation at Riga Airport. The renovation of a part of the runway at the Airport's own expense has als...

To capture strong demand for dedicated freighter aircraft ST Engineering and Temasek to set up JV

ST Engineering announced that its wholly-owned aviation asset management unit has entered into an agreement with Temasek to set up a 50-50 joint venture  for freighter aircraft leasing. The...

Alaska Air Group orders 9 new E175 aircraft for operation with Horizon Air

Embraer has agreed the sale of nine new E175 jets to Alaska Air Group and its subsidiary Horizon Air. The E175 aircraft will fly exclusively with Alaska Airlines under a Capacity Purchase Agreement (C...

Piper Aircraft is now offering AeroMech RVSM on M500/M600 aircraft

Piper Aircraft is now offering Reduced Vertical Separation Minimum (RVSM) certification as a factory option on the Piper M500 and M600 turboprop aircraft. The RVSM STC was approved by AeroMech&rs...