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☆ Boeing sells 78 Dreamliner planes to two Saudi airlines
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing sells 78 Dreamliner planes to two Saudi airlinesBoeing sells 78 Dreamliner planes to Saudi airlines Saudia and newly established Riyadh Air. CNBC's Dan Murphy and Hadley Gamble discuss what that means for Saudi Arabia.

☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
▼ + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +13 min

Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."

[1/2] The Boeing 787 Dreamliner airplane is seen in Long Beach, California March 14, 2012. REUTERS/Lucy NicholsonMarch 14 (Reuters) - Two Saudi Arabian airlines announced plans on Tuesday to order 78 Boeing 787 Dreamliners, a big win for Boeing (BA.N) that marks the fifth largest commercial order by value in its history. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will each buy 39 widebody 787s from the U.S.-based planemaker. The deal contains options for 10 additional Dreamliners for Saudia and 33 for Riyadh Air. Calhoun said the planemaker was standing by its 787 production guidance announced in November "and we're confident we can do it."

☆ Boeing sells 78 Dreamliner planes to Saudi airlines
▼ + stars: | 2023-03-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing said Tuesday that it has reached a deal to sell 78 of its 787 Dreamliner planes to two Saudi Arabian airlines, the latest large order for the wide-body jets in the past few months. The jetliners will go to Saudi Arabian Airlines, or Saudia, and a new airline, called Riyadh Air, which Crown Prince Mohammad bin Salman announced over the weekend. "This will support the country's goal of serving 330 million passengers and attracting 100 million visits by 2030," Riyadh Air said in a news release. In December, United Airlines agreed to buy at least 100 Dreamliners from Boeing and last month, Air India placed an order for 460 Boeing and Airbus planes. Boeing is set to resume deliveries of the Dreamliner planes this week after a weekslong pause resulting from a data analysis issue it disclosed last month.

☆ Boeing Expected to Sell About 80 Dreamliners in Saudi Airline Deal
▼ + stars: | 2023-03-13 | by ( Andrew Tangel | Summer Said | ) www.wsj.com time to read: 1 min

Two Saudi Arabian airlines are nearing a deal to buy a total of about 80 Boeing Co. 787 Dreamliners with options for some 40 more, people familiar with the matter said, another significant order for the American aircraft manufacturer. Riyadh Air, a new airline launched by the Saudi sovereign-wealth fund over the weekend, is expected to commit to purchasing 39 of the wide-body jets, while existing carrier Saudia is expected to buy the same number of jets, these people said.

☆ Saudi Arabia has announced a new airline to bring in tourists as it tries to attract 100 million visitors to the kingdom by 2030
▼ + stars: | 2023-03-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Saudi Arabia announced a new airline that will connect its capital city to over 100 destinations worldwide. On Sunday, Crown Prince Mohammed bin Salman announced Riyadh Air — a new national airline that will connect Saudi Arabia to over 100 destinations across the globe by 2030. But cultural clashes may deter tourists from entering Saudi Arabia's newly opened doors. However, some experts say travelers should look at the bigger picture before blacklisting Saudi Arabia as a leisure destination, and consider the opportunity as a learning experience. "Frankly, it would be hard to name a single destination with a clean record on the environment, animal welfare, and human rights."

[1/2] A Boeing 787-8 puts on a display at the Farnborough Airshow, in Farnborough, Britain July 16, 2018. REUTERS/Peter Nicholls/File PhotoWASHINGTON, March 13 (Reuters) - Boeing Co (BA.N) is expected to sell nearly 80 787 Dreamliner airplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will both be acquiring Boeing 787s, the source said. The airlines are expected to buy a total of 78 787s split between the two buyers and have options to buy another 43, the source said. The Saudi deal comes on the heels of a major December order from United Airlines (UAL.O) for 100 787 Dreamliners and 100 737 MAX jets.

☆ Saudi Arabia launches new national airline
▼ + stars: | 2023-03-12 | by ( ) www.reuters.com time to read: +1 min

March 12 (Reuters) - Saudi Arabia's Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas as its chief executive, as the kingdom moves to compete with regional transport and travel hubs. The new airline is expected to add $20 billion to Saudi Arabia's non-oil GDP growth and create more than 200,000 jobs both directly and indirectly, it said. The announcement may lead to a tougher battle for passengers, going head-to-head with regional giants Emirates, Qatar Airways and Turkish Airlines as the travel industry recovers from the pandemic. In October, Saudi Arabia was in advanced negotiations to order almost 40 A350 jets from Airbus (AIR.PA), with Boeing Co (BA.N) also lobbying for a slice of the kingdom's transportation expansion, industry sources had told Reuters. The head of state-owned Saudi Arabian Airlines (Saudia) told Reuters at the time that it was in talks with Boeing and Airbus on orders both for itself and a planned new carrier.

☆ Saudi sovereign wealth fund reportedly near $35 billion deal for Boeing jets
▼ + stars: | 2023-03-11 | by ( ) www.cnbc.com time to read: +1 min

Saudi Arabia's Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, The Wall Street Journal reported on Saturday, citing people familiar with the matter. The aircraft order is valued at $35 billion, the report said, adding that the deal could be announced as soon as Sunday during an official launch of the national airline. The deal includes wide-body jets which are often used for long international flights, the report added. Boeing declined to comment and the Saudi PIF did not immediately respond to a request from Reuters for comment on the report. The deal is part of a rapid expansion by the country under a strategy to transform the kingdom into a transport hub and promote tourism.

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☆ Messi, Ronaldo start in Riyadh friendly
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - Friendly - Saudi Pro League XI v Paris St Germain - King Fahd International Stadium, Riyadh, Saudia Arabia - January 19, 2023 Fans hold up shirts with Al Nassr's Cristiano Ronaldo's and Paris St Germain's Lionel Messi's name on inside the stadium before the match REUTERS/Ahmed YosriRIYADH, Jan 19 (Reuters) - Cristiano Ronaldo and Lionel Messi will face off once again after the long-time rivals were named in the starting line-ups for the Riyadh Season Team and Paris St Germain respectively on Thursday, ahead of an exhibition match at the King Fahd Stadium. Al Nassr's Ronaldo will captain the Riyadh Season Team - a combined Saudi Pro League XI featuring players from Al Nassr and Al Hilal in Riyadh. The PSG starting line-up also includes France's Kylian Mbappe and Brazil's Neymar, as well as Ronaldo's former Real Madrid team mates Sergio Ramos and Keylor Navas. Reporting by Aadi Nair in Nashik, India Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Who could buy Manchester United and how much is it worth?
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +3 min

Jan 18 (Reuters) - Jim Ratcliffe's company INEOS formally entered the bidding process to buy Manchester United on Tuesday, months after the club owners, the Glazer family, said they were considering selling the club as they explore "strategic alternatives". MIDDLE EASTERN INVESTORSUnited's local rivals Manchester City are bankrolled by the Abu Dhabi United Group, while Saudi Arabia's Public Investment Fund completed a 300 million pound buyout of Newcastle United in 2021. Bloomberg News reported this week that United, Tottenham Hotspur or Liverpool were being targeted by QSI for a potential acquisition. The Times newspaper, which first reported Ratcliffe's INEOS entering the bidding, said that interest from the United States and Asia is also expected. Asked by the BBC at the time if he needed to raise four billion pounds to buy United, O'Neill said: "I'm not sure if it'll necessarily be that much, but let's see."

In this guide, we'll give you a crash course on how to quickly earn credit card rewards and book free travel. If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ Saudi Arabia announces plans for six-runway hub airport in Riyadh
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

RIYADH, Nov 28 (Reuters) - Saudi Crown Prince Mohammed bin Salman announced on Monday plans to transform Riyadh airport into a massive aviation hub with six parallel runways and designed to accommodate up to 120 million travellers by 2030, state news agency SPA reported. Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), will build King Salman International Airport, which should stretch over 57 square kilometres (22.01 square miles) and include current King Khaled airport, SPA said. Aviation is part of a government strategy to become a global transportation and logistics hub by 2030, with Riyadh airport as the operation base of a brand new airline, RIA, that would compete with regional heavyweights Emirates and Qatar Airways. The kingdom has set itself high targets for diversifying its economy and reducing its dependence on oil, pouring hundreds of billions of dollars into a plan called Vision 2030 initiated by the kingdom's de facto ruler Prince Mohammed. It added King Salman airport would create 103,000 direct and indirect jobs, handle 185 million travellers and process 3.5 million tons of cargo by 2050.

☆ The Saudi Arabian government would 'definitely support' private bids for UK soccer clubs Manchester United or Liverpool, sports minister says
▼ + stars: | 2022-11-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's sports minister told BBC it will support private bids for Manchester United and Liverpool FCs. A consortium led by Saudi Arabia's Public Investment Fund already owns Newcastle United FC. A consortium led by Saudi Arabia's Public Investment Fund purchased Newcastle United FC in October 2021 for $409 million. Manchester United and Liverpool are among the world's most valuable sports teams. Forbes estimates Manchester United is worth around $4.6 billion, while Liverpool is worth about $4.45 billion.

☆ Superyacht rentals, private jets and a soccer-themed hotel: Dubai is cashing in on the Qatar World Cup
▼ + stars: | 2022-11-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

A yacht that can be rented to watch the World Cup while sailing around Dubai is docked in Dubai harbor on November 1, 2022, ahead of the Qatar 2022 FIFA World Cup football tournament. Paul Griffiths, CEO of Dubai Airports, in August called Dubai "the major gateway" to the World Cup and predicted it would see more tourists than Qatar itself. Getty Images | A general view of the West Bay area ahead of the FIFA World Cup Qatar 2022 at on November 18, 2022 in Doha, Qatar. "Its tourism infrastructure and straightforward entry requirements make it a convenient base for World Cup fans." Dubai, meanwhile, as a city has more than 140,000 hotel rooms, according to hotel data firm STR.

☆ Wounded Argentina must put Saudi trauma behind them
▼ + stars: | 2022-11-23 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +3 min

[1/2] Nov 22, 2022; Lusail, Qatar; Argentina forward Lionel Messi (10) plays the ball against Saudi Arabia during a group stage match during the 2022 World Cup at Lusail Stadium. Yet he and his disconsolate team might take heart from 32 years ago when Argentina began the World Cup in Italy with a shock loss to Cameroon but still went on to reach the final. Of course," said former Argentina defender Pablo Zabaleta, citing the 1990 run, although the South Americans were to lose that final to West Germany. 'DO IT FOR MESSI, MARADONA'Coach Lionel Scaloni sent out the same signal. Scaloni must quickly reinstill the meanness and steel that had served Argentina so well on their remarkable unbeaten run since mid-2019.

☆ These are the Top 8 airlines in the world, according to a group's survey of more than a million passengers
▼ + stars: | 2022-10-27 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The Airline Passenger Experience Association named its Top 8 airlines in the world for 2023. The organization says it used more than a million passenger surveys that asked people about their experiences on 600 airlines around the world. The winners were not much different from last year, when the group named seven top carriers. These include Japan Airlines, Dutch national airline KLM, Singapore Airlines, Turkish Airlines; and Middle Eastern carriers Qatar Airways, Saudia, and Emirates. Here's a closer look at the Top 8 airlines named by APEX for 2023, listed in alphabetical order.

☆ Saudia to buy up to 100 Lilium electric aircraft for domestic network
▼ + stars: | 2022-10-26 | by ( Hadeel Al Sayegh | Ron Bousso | ) www.reuters.com time to read: +2 min

RIYADH, Oct 26 (Reuters) - Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia's domestic network, the state carrier's chief executive said on Wednesday. In an interview after the announcement, Koshy said "in the course of this year," Saudia will be looking at an operational commercial network. "We'll also be looking at the infrastructure that's required," adding because the aircraft are eVTOLs, they do not require airports. "It's more like a port with charging stations, passengers embarking, disembarking, and that's going to require a whole infrastructure." Public and private investors would have an opportunity to build such infrastructure, Koshy said, speaking at Saudi Arabia's flagship investment conference FII.

☆ Boeing and Airbus facing off to win 80-aircraft order for new Saudi airline, report says
▼ + stars: | 2022-10-24 | by ( Stephen Jones | ) www.businessinsider.com time to read: +2 min

Saudi Arabia's Public Investment Fund is negotiating with Airbus and Boeing for new planes, per a report. Fund officials want to order about 80 planes for a new national airline, Bloomberg reported. The country's Public Investment Fund (PIF) is in negotiations with Airbus and Boeing to secure orders for as many as 80 new planes for the airline, Bloomberg reported. In September 2022, Arabian Business reported the airline would be named RIA and could use Boeing 737s and Airbus A320s. It's not clear whether the order reported by Bloomberg will be exclusive to one company, or split between the two.

☆ Airbus eyes Saudi deal for almost 40 A350 jets - sources
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

A Airbus A350 aircraft during a display at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter CziborraPARIS/DUBAI, Oct 23 (Reuters) - Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe's Airbus (AIR.PA) as part of strategic efforts to launch a new airline and challenge heavyweight carriers in the Gulf, industry sources said. Any commercial deal must still win political approval and also depends n complex engine negotiations, one of the sources said. The choice of supplier is widely seen as politically charged as the Saudi gathering takes place amid deepening tensions between Washington and Riyadh, two industry sources said. Reuters first reported in August that Saudi Arabia was discussing a significant order for wide-body jets.

☆ The 10 longest routes in the world flown by airlines, ranked by distance
▼ + stars: | 2022-08-20 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Singapore Airlines currently holds the title for operating the world's two longest flights at over 9,500 miles each. From San Francisco to SingaporeUnited Airlines and Singapore Airlines. Markus Mainka/ShutterstockAirline: Philippine AirlinesAircraft: Airbus A350-900Distance: 8,507 milesOutbound Scheduled Flight Time: 16 hours and 15 minutesReturn Scheduled Flight Time: 16 hours and 55 minutes6. Qantas AirwaysAirline: QantasAircraft: Boeing 787-9Distance: 8,576 milesOutbound Scheduled Flight Time: 15 hours and 20 minutesReturn Scheduled Flight Time: 16 hours and 45 minutes5. Toshi K/ShutterstockAirline: QantasAircraft: Boeing 787-9Distance: 9,009 milesOutbound Scheduled Flight Time: 17 hours and 15 minutesReturn Scheduled Flight Time: 16 hours and 45 minutes2.

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