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#Saudi Arabia’s Public Investment Fund (PIF) is in discussions to acquire Boeing and Airbus freighters as part of a plan to establish a new cargo airline, according to Bloomberg. This move comes in response to growing demand for precision navigation in the Kingdom’s logistics sector, a highly competitive market with elevated consumer service expectations, as the nation positions itself as a regional leader in the industry.

Saudi Arabia's Public Investment Fund (PIF) is exploring the acquisition of Boeing and Airbus freighters to launch a new cargo airline, aiming to meet the growing demand for precision navigation in the Kingdom's competitive logistics sector. The proposed freight airline would support SAUDI AIRLINES the national carrier, and the recently launched Riyadh Air | طيران الرياض , capitalizing on Saudi Arabia's strategic location at the crossroads of Europe, Asia, and Africa to tap into the increasing global demand for air cargo. This initiative aligns with #Saudi Arabia's broader economic diversification strategy, focusing on sectors like tourism, aviation, and logistics, while also contributing to the development of a new aircraft leasing company, helicopter service, and investments in Saudia's engineering unit. https://lnkd.in/dBrai662

China Eastern Takes Delivery of One A320neo - China Eastern Airlines has taken delivery of a new Airbus A320neo, identified by serial number 12275. The aircraft is powered by LEAP-1A26 engines, manufactured by CFM International, further expanding China Eastern’s modern and fuel-efficient narrowbody fleet. - https://lnkd.in/e2j-bkRu

RoyalJet Signs MOU for Three ACJ320neos - RoyalJet, a prominent business aviation company based in the United Arab Emirates (UAE), has announced the signing of a Memorandum of Understanding (MOU) with Airbus Corporate Jets (ACJ) for the acquisition of three brand-new ACJ320neo aircraft. The agreement also includes six purchase rights, underscoring RoyalJet’s ambitions to expand its premium fleet offerings. - https://lnkd.in/dZY-v9iP

Uzbekistan Airways to Launch Tashkent-Sanya Flights - Uzbekistan Airways has announced the launch of its inaugural Tashkent–Sanya route, scheduled for 18 December 2024. The service will initially be operated with an Airbus A321neo, with a planned switch to the larger Boeing 787-8 shortly thereafter to accommodate growing passenger demand. - https://lnkd.in/dh6QF5M3

Uzbekistan Airways to Launch Tashkent-Sanya Flights - Uzbekistan Airways has announced the launch of its inaugural Tashkent–Sanya route, scheduled for 18 December 2024. The service will initially be operated with an Airbus A321neo, with a planned switch to the larger Boeing 787-8 shortly thereafter to accommodate growing passenger demand. - https://lnkd.in/dh6QF5M3

Jazeera Airways Approves Purchase of Six A320ceo Aircraft - Jazeera Airways (Kuwait) has announced the approval of a significant investment to purchase six Airbus A320ceo aircraft, currently operated under lease agreements. The total transaction value is $180.9 million, and the airline plans to finance the purchase through a combination of bank loans and internal resources. - https://lnkd.in/dNsVjvJa

Astral Aviation Expands Fleet with B737C and B767F Additions - Astral Aviation, a Kenyan cargo carrier, has announced significant fleet expansion plans for the coming years. The airline intends to add a second Boeing 737C and up to two Boeing 767Fs in 2025, followed by two Boeing 737-800Fs by the end of 2026. - https://lnkd.in/evikGZcn

Turkish Airlines to Launch Freighter Flights to Mexico City - Turkish Airlines is set to launch a weekly freighter service connecting its Istanbul base to Mexico City’s AIFA(Felipe Ángeles International Airport) via a US gateway. The operation is scheduled to begin in January or February 2025, marking an expansion of the airline’s cargo network in the Americas. - https://lnkd.in/dPtEZDbH

🗞 Exclusive: IAT Leasing and Atalaya Capital Management close A330-200s with Hawaiian Airlines Announcing deals is not the same as closing them. And Farnborough International week is a standing reminder that all too often, even the best-executed aircraft deals are later dissolved quietly behind closed doors. For the past two months, IAT Leasing has been signing off on transactions with different equity backers, reflecting where business is getting done as asset owners grapple with supply chain-induced delays and higher-for-longer interest rates. The Dublin-based lessor has purchased two Airbus A330-200s on short-term lease to Hawaiian Airlines from ORIX Aviation with funding from new equity partner, Atalaya Capital Management. IAT’s A330s closed the same week that asset manager Blue Owl Capital announced its purchase of Atalaya Capital Management for $450 million. Go to Airfinance Global to read more about IAT and new funding sources in the aviation sector: https://lnkd.in/eVfabUQW #aviation #lessors #aviationfinance #Airbus #aircraftleasing #A330