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Saudi National Carrier To Launch With Bombardier Fleet

by Lorys Charalambous, Tax-News.com, Cyprus

17 January 2014


The newly launched national carrier of Saudi Arabia, SaudiGulf Airlines, has signed a firm purchase agreement with Bombardier for sixteen CS300 aircraft with options for a further ten.

Based on the aircraft's list price, the firm order is worth approximately USD1.2bn, potentially rising to USD2bn if all options are exercised.

Designed for the 100- to 149-seat market, Bombardier projects that the CS300 will cut clients' operating costs by up to 15 percent, and fuel consumption by 20 percent, based on comparisons with similar aircraft already in production. The aircraft has a range up to 2,950 nautical miles (5,463 km).

Mike Arcamone, President, Bombardier Commercial Aircraft, said: "We have long been noting that the CSeries aircraft is attracting progressive airlines that are keen on opening new markets and operations. We are thrilled that SaudiGulf Airlines, based in the largest Arab economy, will base the core of its business plan on the CSeries aircraft."

The chairman of SaudiGulf Airlines, Sheikh Tariq Al Qahtani, said: "This is an exciting time for the aviation industry in the Arab states and neighbouring regions, particularly when you consider that more than 54 million passengers moved through Saudi Arabia's 27 airports last year alone. We are very excited about the CSeries aircraft's suitability for this market and the long-term success it will bring to the region."

Al Qahtani continued: "With its clean-sheet design, modern technologies and competitive costs, the CSeries aircraft will give us the opportunity to introduce a new, quality, premium airline and an economically sustainable business model in Saudi Arabia, serving the domestic market, the Gulf and Middle East."

TAGS: aviation

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