Saudia to add 12 passenger aircraft, expand cargo fleet by 2026

In May 2024, the Saudia Group unveiled the largest aircraft order in the history of Saudi aviation — a deal with Airbus for 105 confirmed aircraft, including 50 A320neo and A321neo models for flyadeal. Supplied
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Updated 26 October 2025
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Saudia to add 12 passenger aircraft, expand cargo fleet by 2026

RIYADH: Saudi Arabia’s flag carrier, Saudia, plans to receive 12 new passenger aircraft and purchase cargo planes by 2026, part of a broader order of 191 aircraft for the airline and Adel Aviation, a senior official said.

Speaking to Al-Eqtisadiah newspaper, Abdullah Al-Shahrani, the airline’s director of corporate communications, said that the deliveries are part of a broader plan covering 191 new aircraft for Saudia and its low-cost subsidiary flyadeal.

In May 2024, the Saudia Group unveiled the largest aircraft order in the history of Saudi aviation — a deal with Airbus for 105 confirmed aircraft, including 50 A320neo and A321neo models for flyadeal.

Saudi Arabia’s aviation sector contributed around $20 billion to the Saudi economy in 2023, Al-Eqtisadiah stated, citing a report by the General Authority of Civil Aviation.

“Saudia has a major expansion plan in the cargo sector, driven by the cargo boom in Saudi Arabia, including air freight operations and rapidly growing e-commerce, with shipments now reaching customers within a few days,” Al-Shahrani told Al-Eqtisadiah.

He added: “The airline will allocate dedicated cargo areas on passenger aircraft to carry small items.”

Flyadeal, a subsidiary of Saudia, will support its growth objectives through the expansion of its fleet from 32 Airbus A320neo aircraft to more than 100 by 2030, increasing its network from 30 domestic and international destinations to over 100 within six years.

Saudia’s aircraft orders mark a significant milestone not only for the Saudi aviation industry but also for the wider Middle East and North Africa region. 

Prior to the deal, Saudia had a fleet of 144 aircraft, while Flyadeal had 32. Deliveries of the new aircraft are scheduled to begin in 2026 and continue through 2032.

On the sidelines of the 2024 Future Aviation Conference, Saudi Arabia unveiled investment opportunities in the aviation sector worth $100 billion and signed more than 70 agreements and deals totaling $12 billion.

Riyadh Air announced at the 55th Paris Air Show in June a purchase order for 50 Airbus A350-1000 aircraft, including 25 confirmed jets and options for 25 additional planes.

Meanwhile, flynas signed an agreement with Airbus to purchase 160 new aircraft: 30 wide-body A330neo planes and 130 single-aisle aircraft, including the A320neo, A321neo, and A321LR.

This brings flynas’ total aircraft purchase orders to 280 over seven years, making it one of the largest aircraft orders in the region, reflecting the growth of Saudi Arabia’s aviation sector under Vision 2030.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.