Saudi Airline Riyadh Air Believes It Has The Funding Green-Light

Riyadh Air CEO Tony Douglas said that the airline’s financial plans are intact, despite the initiation of a large-scale spending review in Saudi Arabia. Backed by equity from the Saudi Public Investment Fund (PIF), the carrier is set to launch nonstop flights to London starting on October 26, with the opportunity to explore financing for around 182 jets through sustainability-linked debt. The airline will also be leasing some of these aircraft from leading aircraft asset managers.