The partnership is the first sports sponsorship deal that Riyadh Air has signed since its official launch in March
Riyadh Air will partner with PSU to build long-term academic programmes to support students who want to pursue a career in aviation
Industry veterans warn that the aviation market is showing signs of overheating with record number of aircraft orders placed
The deal also includes spares and a services agreement to support the airline’s upcoming Boeing 787-9 Dreamliner fleet
Riyadh Air will join the global aviation sector with “RX” as its Airline Designator Code which was approved by the International Air Transport Association
The airline describes it as a “perfect blend of cutting-edge technology and timeless elegance”
The Doha-based carrier has seen leisure and business demand surge after travel restrictions were eased, but continues to be hamstrung by a lack of new planes
Airports in the Middle East will need to invest around $151bn in capacity expansion
The first deliveries of the widebody aircraft are scheduled for early 2025
Riyadh will be the company’s operational hub, and will connect the Saudi capital to over 100 destinations globally