Saudi Flyadeal confirms order for 10 Airbus A330neo jets
The sister airline of state-owned national carrier Saudia said it had also acquired purchase rights for a further 10 of the same planes, also known as A330-900.
The announcement at a ceremony in Toulouse confirms details reported by Reuters in January. The deal - which had previously been listed by Airbus as an unidentified buyer - is worth $1.2 billion after typical discounts, according to estimated delivery price data from UK-based consultancy Cirium Ascend.
(Reporting by Tim Hepher. Editing by Jane Merriman)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
4 hours ago
- Al Etihad
Google commits $1 billion for AI training at US universities
6 Aug 2025 23:13 SAN FRANCISCO (REUTERS) Alphabet's Google on Wednesday announced a three-year, $1 billion commitment to provide artificial intelligence training and tools to US higher education institutions and than 100 universities have signed on to the initiative so far, including some of the nation's largest public university systems such as Texas A&M and the University of North schools may receive cash funding and resources, such as cloud computing credits towards AI training for students as well as research on AI-related topics. The billion-dollar figure also includes the value of paid AI tools, such as an advanced version of the Gemini chatbot, which Google will give to college students for hopes to expand the programme to every accredited nonprofit college in the US, and is discussing similar plans in other countries, Senior Vice President James Manyika said in an declined to specify how much Google is earmarking in direct funds to external institutions relative to footing its own cloud and subscription announcement comes as rivals like OpenAI, Anthropic and Amazon have made similar pushes around AI in education as the technology pervades in July pledged $4 billion to bolster AI in education evangelising their products to students, tech firms further stand to win business deals once those users enter the workforce.A growing body of research has mapped concerns around AI's role in education, from enabling cheating to eroding critical thinking, prompting some schools to consider bans. Manyika said Google had not faced resistance from administrators since it began to plot its education initiative earlier this year, but "many more questions" about AI-related concerns remain. "We're hoping to learn together with these institutions about how best to use these tools," he said, adding that the insights could help shape future product decisions.
Al Etihad
5 hours ago
- Al Etihad
UK's Birmingham Airport temporarily shuts after plane's landing gear failure forces emergency landing
6 Aug 2025 23:02 LONDON (REUTERS)Birmingham Airport in central England temporarily shut its only runway on Wednesday after a small aircraft made an emergency landing after developing landing gear problems that left one person with minor Aviation, a private charter firm that is based at Belfast International Airport and owns the Beech B200 Super King Air plane, said in a statement that the "main under-carriage collapsed on touch down."Birmingham Airport said in a later update on Wednesday that the runway was likely to remain close until 2000 local time (1900 GMT).All people on board the aircraft had been discharged by the emergency services and security screening were temporarily closed, it police said in a post on X that emergency crews responded to the incident, which occurred at around 1240 shared on social media showed a small propeller aircraft stationary on the runway of Britain's seventh busiest aircraft took off at 1211 local time and was bound for Belfast in Northern Ireland, according to plane tracking website airport website showed that some flights have been diverted to other British airports and some departures have been canceled or delayed. The airport, which served some 13 million passengers last year, is Britain's third largest outside London.
Gulf Today
5 hours ago
- Gulf Today
India holds rates as expected but flags risks from US tariffs
India's central bank held key interest rates steady on Wednesday as expected, saying the economy remains steady, even though economists expect steep US tariffs on Indian exports and subdued inflation to open room for limited further easing. India faces the imposition of a 25% tariff on its shipments to the US from Friday, and President Donald Trump has warned of "very substantial" additional levies because of New Delhi's oil imports from Russia. Global trade challenges continue to linger but prospects for the Indian economy remain "bright", Reserve Bank of India (RBI) Governor Sanjay Malhotra said in statement. The six-member rate-setting panel voted unanimously to hold the key repo rate at 5.50% and decided to continue with a "neutral' policy stance. While headline inflation is much lower than expected, it is largely due to volatile food prices and is set to rise towards the end of the year, Malhotra said. A large majority of economists, 44 of 57, had forecast a pause in a July 18-24 Reuters poll, following a surprise 50 basis point cut in June. The central bank has cut the policy repo rate by 100 bps so far in 2025 as price pressures eased. A majority of economists see room for limited further easing, but some say that low inflation and trade uncertainties could prompt another 50 bps of rate cuts. "The ongoing transmission of past monetary easing and the evolving global backdrop appear to have placed the RBI firmly in wait-and-watch mode," said Sujan Hajra, chief economist at Anand Rathi Group in Mumbai. "This points to room for an additional 50 bps reduction," Hazra said. Bond yields rose after the policy announcement, with traders saying the policy statement lacked any obvious dovishness, leaving the market divided on the direction of interest rates. The RBI's rate cutting cycle is at an end, said Capital Economics in a note. Prior to this policy meeting, a Reuters poll of economists had forecast one more 25 bps rate cut in the current cycle. The central bank left its economic growth forecast unchanged at 6.5%, even though economists have said the higher US tariffs could shave off up to 40 basis points from that level, while stunting business investment. Just weeks ago, Indian officials had hoped to strike a deal that would cap tariffs at 15%. Agencies
