The Saudi Arabia PIF have on Sunday launched their own new wholly owned airline - Riyadh Air - with NUFC Chairman Yasir Al-Rumayyan in charge. Set to appear on NUFC shirts as main sponsor next season?
‘Riyadh, March 12, 2023, SPA — His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund , announced today the establishment of “Riyadh Air,” a PIF wholly owned company.
Riyadh Air will be chaired by His Excellency Yasir Al-Rumayyan, Governor of PIF, while Tony Douglas, who brings more than 40 years of experience in the aviation, transportation and logistics industries, has been appointed Chief Executive Officer. The airline’s senior management will include Saudi and international expertise.
As a wholly owned PIF subsidiary, the new national airline is set to benefit from PIF’s investment expertise and financial capabilities while expanding on the company’s operations to become a leading national carrier. The new national airline represents PIF’s latest investment in the sector, along with the recently announced King Salman International Airport masterplan.
The airline will provide tourists from around the world the opportunity to visit Saudi Arabia’s cultural and natural attractions.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia Uses Ship-To-Ship Transfers To Boost Diesel Exports To Saudi Arabia | OilPrice.comRussia is accelerating its exports of diesel to Saudi Arabia by both direct shipments and ship-to-ship transfers, Reuters reported on Friday, quoting trade sources and shipping data from Refinitiv.
Read more »
Saudi Arabia and Iran to restore diplomatic ties after seven-year rift\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Saudi Arabia and Iran to restore diplomatic ties after seven-year rift\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Saudi Arabia And Iran Agree To Restore Diplomatic Relations | OilPrice.comRegional rivals Saudi Arabia and Iran have agreed to resume diplomatic relations and re-open embassies and missions, Saudi Arabia, Iran, and China said in a joint statement on Friday, following a week of Saudi-Iranian talks in Beijing.
Read more »
US and Israel will be wary after secret Beijing talks see Saudi Arabia and Iran resume ties after seven yearsThe Middle Eastern countries were at odds since 2016 following protests in Tehran's Saudi embassy. But the agreement signed in Beijing could be a marker of newfound Middle Eastern stability - and shows the growing influence of Chinese diplomacy.
Read more »
Desert X Prix: Veloce inherits opening Extreme E win with penalty for Rosberg crewVeloce Racing claimed victory in the 2023 Extreme E season opener following a post-race penalty for Rosberg X Racing at the Desert X Prix double header in Saudi Arabia.
Read more »