Arab News, Saturday, Mar 20, 2021 | Shaaban 6, 1442
Saudia raises $3bn to fund aircraft orders
Saudi Arabia: Saudia has signed a financing agreement worth
11.2 billion riyals ($3 billion) to partially finance requirements for aircraft
it has ordered, the state airline said on Thursday.
The amount covers the airline's aircraft financing requirements until mid-2024,
helping finance the purchases of 73 aircraft, previously ordered, it said in a
statement.
The agreements were signed with Al Rajhi Bank, Saudi British Bank (SABB), Arab
National Bank (ANB), Samba, Bank AlJazira, and Bank Albilad, while HSBC Saudi
advised on the deal, it said.
The airline has ordered Airbus A320neo, A321neo, A321XLR, and Boeing 787-10
jets.