Saudi flight academy expands domestic training sites to accommodate 1000 Chinese students: CEO

Captain Larry Wade, CEO of OxfordSaudia Flight Academy, speaking to Arab News (Arab News)
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Updated 13 May 2022
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Saudi flight academy expands domestic training sites to accommodate 1000 Chinese students: CEO

RIYADH: Saudi flight academy OxfordSaudia is expanding its domestic training sites to accommodate 1,000 Chinese students amid an agreement with the Civil Aviation Administration of China, its CEO said.

The Kingdom's Vision 2030 gave the potential to bring students and to initiate this training opportunity, Captain Wade told Arab News during the Future Aviation Forum held in Riyadh.

“We kept talking to the Chinese and we realized this vision of being able to bring them. We didn't expect it to be 1,000 students, we expected small numbers,” he said.

The agreement, struck with Maitland 175 and GTI Outreach Educational Resources INC, who represents the major 5 airlines in China, is worth SR350 million ($93.3 million) and marks the first time foreign students will  train to be pilots in the Kingdom.

Maria Hsueh, the President of Maitland 175 and GTI Outreach Educational Resources Inc, said in a statement: “We are also excited to know we are planning on partnering with them to open a flight school in China in an effort, staffed by OxfordSaudia Flight Academy graduates, focusing on creating additional capacity to train Chinese Students at home.”

Captain Wade said that there are 1,200 students in the school at the moment. 

“The opportunity here is for us to take the students that we have now and employ them, because at the moment, the airlines aren't hiring, so we can employ our own students to teach these Chinese students,” he said.

“It's exciting now that we have the first group coming in, you know, we're actually starting the process of working with that first group of students right now,” he added.

Saudi Arabia will see its men and women working as aviation expert trainers across the globe, and the academy graduates finishing this year will become flight instructors.

The Academy has announced an agreement with Oxford Aviation Academy to also hire instructors into those schools, he added.

“This gives us an opportunity to take Saudi men and women and use them around the world as expert trainers, develop their expertise, and then bring them back into the airline industry to further their career,” said Wade.


Closing Bell: Saudi main market edges up to close at 11,328

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Closing Bell: Saudi main market edges up to close at 11,328

RIYADH: Saudi Arabia’s Tadawul All Share Index closed slightly higher on Tuesday, rising 0.07 percent, or 7.43 points, to finish at 11,328.52.

The parallel Nomu market also gained, up 0.13 percent, or 30.68 points, to 24,043.71, with 46 stocks advancing and 33 declining.

The MT30 index ended in positive territory at 1,527.14 points, up 0.19 percent. Market breadth was slightly negative, with 112 gainers against 140 decliners. Total trading volume reached 220.3 million shares, valued at SR5 billion ($1.3 billion), according to exchange data.

Among the session’s top performers, Saudi Chemical Co. rose 8.04 percent to SR8.33, Etihad GO Telecom Co. gained 6.83 percent to close at SR98.55, and Cherry Trading Co. climbed 5.84 percent to SR30.80. Arabian Contracting Services Co. advanced 4.99 percent to SR126.20, while United Carton Industries Co. rose 4.18 percent to SR26.44.

On the downside, Elm Co. led losses, falling 3.44 percent to SR743.50, followed by Knowledge Economic City, which declined 2.67 percent to SR12.74, and Aljazira Takaful Taawuni Co., which slipped 2.45 percent to SR11.92.

Makkah Construction and Development Co. fell 2.13 percent to SR89.65, while Arabian Internet and Communications Services Co. eased 2.07 percent to SR227.60.

Etihad GO Telecom Co. also released its consolidated interim results for the nine months ending Dec. 31, 2025, reporting strong growth across its business segments. Revenues rose 34.3 percent year on year to SR1.39 billion, while net profit attributable to shareholders increased 22.4 percent to SR197 million. During the most recent quarter, revenue reached SR489 million, up from SR382 million in the same period last year, and net profit rose to SR70 million from SR55 million.

The company attributed the gains to higher revenue from its B2B, wholesale, and B2C segments, increased demand for voice and fiber services, and contributions from its subsidiary, Ejad Technology.

Separately, Saudi Arabian Oil Co. completed the issuance of $4 billion in international bonds under its Global Medium-Term Note Program, comprising 20,000 US dollar-denominated bonds with maturities of three, five, 10, and 30 years, carrying coupon rates of 4 to 6 percent, and expected to be listed on the London Stock Exchange.