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Posts tagged as “PIF”

Riyadh Air unveil designs for their planes and new promotional video

June 5, 2023

Riyadh Air unveil the first of two design of their fleet which blend of cutting-edge technology and timeless elegance. The name Riyadh Air can be seen across the plane and features a lavender colors with stripes design.

Together with the new planes, Riyadh Air also release a 51 secs promo video that teases the public regarding an event on June 12th.

Public Investment Fund (PIF) first announce Riyadh Air in March of this year, explaining that the airline is expected to add US$20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs.

Public Investment Fund (PIF) launches Riyadh Air, a new national carrier to expand Saudi’s local and global aviation industry

March 15, 2023

His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) just announced the launching of a new national airline Riyadh Air. Wholly owned by PIF, Riyadh Air will leverage Saudi Arabia’s strategic geographic location between the three continents of Asia, Africa and Europe, enabling Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism.

Riyadh Air will be chaired by His Excellency Yasir Al-Rumayyan, Governor of PIF, while Tony Douglas, will be its Chief Executive Officer. Douglas brings more than 40 years of experience in the aviation, transportation and logistics industries.

The newly established airline is expected to add US$20 billion to non-oil GDP growth, and create more than 200,000 direct and indirect jobs.