Riyadh Air orders 25 Airbus A350-1000 jets
PARIS: Saudi startup Riyadh Air signed a deal at the Paris Airshow on Monday to buy 25 Airbus A350-1000 jets, the planemaker said.
The deal, announced shortly after Saudi leasing company AviLease placed an order for Airbus passenger and freighter jets, also includes purchase rights for another 25 planes, Airbus said.
Airbus does not publish catalogue prices but the firm part of the Riyadh Air deal is worth around $4.6 billion after typical airline discounts, according to Cirium Ascend estimates.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
18 hours ago
- Business Recorder
Airbus strikes deal for up to 150 planes with VietJet
PARIS: Airbus struck a deal on Tuesday to sell up to 150 single-aisle aircraft to Vietnamese budget airline VietJet, as the European planemaker continues to rack up business at the Paris Airshow. The companies said they had signed a memorandum of understanding for VietJet to buy 100 more A321neo planes, with the option to add up to a further 50 to the deal in future. The agreement confirmed an earlier Reuters story. A deal for 150 A321neos could be worth around $9.4 billion, according to estimated prices provided by Cirium Ascend. 'These modern and efficient aircraft have been instrumental in VietJet's growth,' VietJet Chairwoman Nguyen Thi Phuong Thao said in a statement released at a press conference attended by a delegation including several Western bankers. 'This landmark agreement represents a vital step in VietJet's growth strategy as a multi-national aviation group.' Riyadh Air orders 25 Airbus A350-1000 jets The planes will be delivered from 2030 onwards, and VietJet said it had financing in place for the deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. U.S. rival Boeing is expected to have a more subdued show as it focuses on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during U.S. President Donald Trump's recent tour of the Middle East. VietJet, the largest private airline in Vietnam, operates an all-Airbus fleet, apart from two Chinese-made regional jets. The airline has not to date taken delivery of any of the around 200 MAX planes it has ordered from Boeing. Airbus is the main supplier of jets to Vietnam, accounting for 86% of the planes currently operated by Vietnamese airlines. However, the export-dependent Southeast Asian country is under pressure from Washington to buy more U.S. goods. VietJet's latest deal comes only weeks after it ordered 20 A330neo wide-body airliners from Airbus.
Business Recorder
18 hours ago
- Business Recorder
Gold price per tola further falls Rs1,000 in Pakistan
Gold prices in Pakistan decreased on Tuesday in line with their fall in the international market. In the local market, gold price per tola reached Rs361,300 after a decline of Rs,1000 during the day. Similarly, 10-gram gold was sold at Rs309,756 after it fell Rs857, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs362,300 after a decline of Rs700 during the day. The international rate of gold also decreased on Tuesday. The rate was at $3,398 per ounce (with a premium of $20), a decrease of $16, as per APGJSA. Meanwhile, silver price per tola increased by Rs69 to reach Rs3,856.
Business Recorder
a day ago
- Business Recorder
France shuts Israeli weapons booths at Paris Air Show
LE BOURGET (France): Geopolitical tensions roiled the opening of the Paris Air Show on Monday as French authorities sealed off Israeli weapons industry booths amid the conflicts in Iran and Gaza, a move that Israel condemned as 'outrageous'. The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly crash of Air India's Boeing 787 Dreamliner. Black walls were installed around the stands of five Israeli defence firms at the trade fair in Le Bourget, an airfield on the outskirts of Paris. The booths displayed 'offensive weapons' that could be used in Gaza — in violation of agreements with Israeli authorities, a French government source told AFP. The French government has not given its exact definition of 'offensive' weapons. The companies — Israel Aerospace Industries (IAI), Rafael, Uvision, Elbit and Aeronautics — make drones and guided bombs and missiles. An Israeli exhibitor wrote a message in yellow chalk on one of the walls, saying the hidden defence systems 'are protecting the state of Israel these days. The French government, in the name of discrimination is trying to hide them from you!' French Prime Minister Francois Bayrou defended the decision during a press conference at the air show. 'The French government's position was very simple: no offensive weapons at the arms exposition,' he said. 'Defensive weapons were perfectly acceptable.' Bayrou cited the ongoing conflict in Gaza as the rationale behind the ban. 'Given the situation in Gaza... which is extremely serious from a humanitarian and security point of view, France was keen to make it clear that offensive weapons should not be present at this exposition,' Bayrou said.
