Flyadeal has revealed its long-awaited widebody deal, placing a firm order for 10 A330neos which the Saudi LCC hopes will propel it into a new phase of growth.
AirAsia is set to receive $100 million from Saudi Arabia’s Public Investment Fund as the Malaysian LCC seeks to raise as much as MYR1 billion ($226 million).
Even if the Middle East is no longer the only game in town for defense exports, it still has ample appetite for advanced equipment, from drones to transports.
While the levels of growth are far from spectacular, the increase nonetheless keeps Saudi Arabia's defense budget rising following an extended period of cuts.
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.