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Sep 2, 2022 · The name "RIA" has been offered as a favoured option for the new airline, according to a source close to Saudi Arabia's Public Investment Fund (which is funding the carrier), according to an exclusive report on Thursday, September 1 from media outlet Arabian Business. .
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  • Arabian Business quoted well informed sources that “RIA” is being tipped as the name for the new Saudi carrier.
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  • Arabian Business reported last month the US$500bn super.
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    Sep 9, 2022 · RIA has yet to appoint an official CEO, but a report from Arabian Business suggests that the Saudi Arabian airline is eyeing Etihad’s CEO Tony Douglas for the role.

  • Jul 20, 2022 · Saudi Arabia is preparing to launch its new national airline “very soon”, setting up a key pillar of the kingdom’s Vision 2030, a plan that aims to attract three times as many foreign tourists by the end of the decade.
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    Sep 2, 2022 · According to sources, Saudi Arabia will need to invest $30 billion and build a network of over 150 routes across Europe, North America, South America, Africa, and Asia in order to compete with the Dubai-based giant.

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    I expect that this will only be the first of many new aircraft orders, given the pace at which this airline is looking to grow.