New Airline Launched By Saudi Arabia in 2023
Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
Riyadh Air aims to launch flights to more than 100 destinations around the world by 2030, the official Saudi Press Agency SPA reported.
Tony Douglas, former head of Abu Dhabi-based Etihad Airways, has been appointed CEO.
The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman’s wide-ranging Vision 2030 reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade.
The Wall Street Journal reported on Saturday that the Public Investment Fund, the sovereign wealth fund that will own the airline, was close to a deal with Boeing for an aircraft order valued at 35 billion. The kingdoms busiest international airport is currently in the Red Sea coastal city of Jedediah, where flag carrier Saudi is based.
The capital currently has around eight million people, but expecting population to grow to 15-20 million by 2030.
![Kumud Sharma](https://diarytimes.com/wp-content/uploads/2023/12/1680453061615.jpg)
Continuing the achievement of the journey of effectiveness and credibility of more than 10 years in the career of journalism, as a woman journalist, I am Serving as the founder, promoter and editor of DiaryTimes with the trust and support of all. My credible coverage may not have given a big shape to the numbers, but my journey presents articles that make you aware of the exact and meaningful situations of Himachal’s politics, ground issues related to the public, business, tourism and the difficult geographical conditions of the state and financial awareness. DiaryTimes, full of the experience of my precise editorial expertise, is awakening the flame of credible journalism among all of you, so that the eternal flame of meaningful change can be lit in the life of the people of the state and the atrocities being committed against the people can be brought to the fore, I am motivated for that. If even a small change comes with the power of my journalism and the whole world becomes a witness to that issues, then I will consider myself fortunate.