Saudi Airlines signs a $ 3 billion deal to finance aircraft orders – Erm News

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Saudi Airlines signs an agreement with 3 million ...

date of publication:
March 19, 2021 3:44 GMT

Update date: March 19, 2021 3:55 GMT

Saudi Arabian Airlines said in a statement on Thursday that it had signed a financing agreement worth 11.2 billion riyals ($ 3 billion) to help finance aircraft it requested to purchase.

Source: Reuters

Saudi Arabian Airlines said in a statement on Thursday that it had signed a financing agreement worth 11.2 billion riyals ($ 3 billion) to help finance aircraft it had requested to purchase.

The company stated in a statement that the amount covers the financing requirements until mid-2024, and will contribute to financing the purchase of 73 aircraft it has already requested.

Saudi Airlines signed agreements with Al-Rajhi Bank, Saudi British Bank, Arab National Bank, Samba, Bank Al-Jazira and Bank Al-Bilad, while HSBC Saudi Arabia provided advice in the deal.

The company has ordered the Airbus A320-NEO, A321-NE, A321-XLR and Boeing 787-10.





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