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Saudi Group Advances Aircraft Acquisition Efforts
Saudi Group, which is owned by Saudi Airlines and Flynas, plans to sign a major deal to purchase new aircraft scheduled to be delivered between 2031 and 2040. The goal is to expand the fleet and replace older aircraft. The deal requires board approval, and the number of aircraft targeted has not been disclosed. However, it is expected that some will be for fleet expansion and others for phasing out aging planes, as the group continues to assess its needs and plan its orders with manufacturers. The group anticipates that its total fleet will reach 161 aircraft by the end of 2026, supported by previous deals with Airbus. This move aligns with its strategy to modernize the fleet and achieve a globally competitive standard for both carriers.
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