Wizz Air launches cheap flights between London, Jeddah

Tickets to Jeddah have gone on sale at £135 ($176.5), with each flight to carry up to 239 passengers. (AFP)
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Updated 01 October 2024
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Wizz Air launches cheap flights between London, Jeddah

  • Overnight route will run daily using new Airbus long-haul A321XLR planes
  • The route will launch in March, with tickets already on sale for £135

LONDON: People in the UK will be able to reach Saudi Arabia for significantly reduced prices after budget carrier Wizz Air launched new flights from London.

The seven-hour overnight route will run from March 2025, connecting Gatwick Airport to Jeddah on new Airbus A321XLR aircraft. The carrier will also run a route to Abu Dhabi from the Italian city of Milan from June.

Tickets to Jeddah have gone on sale at £135 ($176.5), with each flight to carry up to 239 passengers.

The airline said some flights will be cheaper at $116.99 and run daily all year round, adding that they will connect “two vibrant cities.”

At a press conference in Jeddah, Andras Rado, Wizz Air’s head of communications and government affairs, said: “The Airbus A321XLR is the most cost-efficient aircraft of its class and, given the enhanced range capability, it enables Wizz Air to connect the furthest destinations in its network and further expand it, connecting cultures and continents.

“We’re excited to unlock unbeatable fares for our customers on the newly announced route to London, while offering the most sustainable option for flying … This new aircraft type marks a new era of ultra-low-fare travel on long-haul routes.”

Wizz Air will become one of the first operators of the new Airbus model, alongside Aer Lingus and Iberia, and has ordered 47 of the planes.

It is the furthest ranged of Airbus’s A320 aircraft, with a range of 8,700 km, and emits 30 percent fewer carbon emissions than its Boeing 757 and 767 competitors.

Stewart Wingate, CEO of Gatwick Airport, said the new model should help open more long-haul routes for the travel hub.

Wizz Air hopes that the new route to Jeddah will undercut British Airways. In a press release, Wizz Air said it “remains committed to expanding its presence in Saudi Arabia and beyond.”

The airline added that it is “contributing to the country’s connectivity in line with Vision 2030 and following a partnership agreement with the Saudi Tourism Authority to increase connectivity to Europe and boost inbound visitors.”


QIA, Franklin Templeton launch $200m Qatar equity fund 

Updated 17 sec ago
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QIA, Franklin Templeton launch $200m Qatar equity fund 

RIYADH: Qatar’s sovereign wealth fund has teamed up with Franklin Templeton to launch a $200 million equity fund focused on the local stock market, part of efforts to deepen liquidity and attract institutional investors to Qatar’s capital markets. 

The Qatar Investment Authority and the US asset manager said the Franklin Templeton Qatar Equity Fund will operate as a day-traded mutual fund investing in companies listed on the Qatar Stock Exchange, according to the Qatar News Agency. 

The launch comes after a PwC report earlier in February highlighted growing optimism among CEOs in Qatar, with companies increasing investment, pursuing acquisitions and expanding operations as the country pushes toward innovation-led growth. 

Mohammed Saif Al-Sowaidi, CEO of QIA, said: “With the launch of Franklin Templeton Qatar Equity Fund, QIA is further expanding our Active Asset Management Initiative to support Qatar’s financial markets.”  

He added: “As one of the largest global asset managers, Franklin Templeton brings a wealth of experience and resources to QSE and the broader Qatari economy and we look forward to working closely together on this initiative.” 

The fund aims to give investors exposure to Qatar Stock Exchange-listed equities, allowing local and international institutions to access an actively managed portfolio in the domestic market, QNA reported. 

QIA is the fund’s lead investor, contributing cash and shares, underscoring its commitment to the Qatari stock market. The reallocation of QSE-listed shares is intended to support the domestic economy and enhance market liquidity, it added. 

Franklin Templeton manages about $1.68 trillion in assets as of Dec. 31, 2025, making it one of the world’s largest investment firms. 

“Through our partnership with QIA, we aim to contribute meaningfully to the continued development of the Qatari financial ecosystem. We see this collaboration as the beginning of a long-term strategic partnership and part of a broader, multi-asset collaboration between Franklin Templeton and QIA,” said Jenny Johnson, CEO of Franklin Templeton. 

The Franklin Templeton Qatar Equity Fund represents a key step in QIA’s active asset management strategy and highlights its partnership with Franklin Templeton in supporting Qatar’s capital markets through global investment expertise.