Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.
Saudi Arabian aircraft lessor AviLease has raised $2.5 billion in funding, as it seeks to become one of the world’s top 10 aircraft leasing companies by 2030.
Talks are underway over the possibility of creating a new, dedicated cargo airline for Saudi Arabia, according to well-placed sources in the Arab nation.
Near-space tourism provider Halo Space is gearing up for its next test flight over Saudi Arabia using its full-sized capsule designed for passenger flights.
Saudi Arabian defense companies have signed cooperation agreements with their Turkish counterparts during a visit by Defense Minister Khalid bin Salman Al Saud.
The LCC is looking at aircraft for flights into Southeast Asia or India to accommodate the large volumes of low-yield migrant labor traffic into Saudi Arabia.
The possibility of Embraer airliners being built, or assembled, in Saudi Arabia, has increased following the signing of a memorandum of understanding in Riyadh.