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.
The airline is well-positioned to support the goal of welcoming 150 million tourists by 2030, when both Expo 2030 and the 2034 World Cup will be held in the nation. The airline's Boeing 787 models are scheduled to arrive soon, and deliveries are expected to ramp up from one per month next year to two per month