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According to the Saudi Press Agency (SPA), Riyadh Air will be owned by the country's Public Investment Fund (PIF), with Yasir Al-Rumayyan, the governor of PIF, serving as its chairman. Tony Douglas was appointed as its CEO.
Riyadh Air is a world-class airline owned by the Public Investment Fund (PIF). Launched in March 2023 and hubbed in the capital of the Kingdom, the airline will be a digitally-led, full service airline that adopts the best global sustainability and safety practices across its advanced fleet of aircraft.
Mar 12, 2023 · Saudi Arabia Crown Prince and Prime Minister Mohammad Bin Salman announced on Sunday the establishment of Riyadh Air, a wholly owned company by the Public Investment Fund (PIF). Riyadh will be the company’s operational hub and will connect the Saudi capital to over 100 destinations globally.
Riyadh Air will be chaired by His Excellency Yasir Al-Rumayyan, Governor of PIF, while Tony Douglas, who brings more than 40 years of experience in the aviation, transportation and logistics industries, has been appointed Chief Executive Officer.
Apr 6, 2023 · Saudi Arabia’s $650bn Public Investment Fund (PIF), which owns Riyadh Air and is chaired by the crown prince, is leading efforts to reshape the economy. The PIF is behind a $500bn futuristic...
Mar 12, 2023 · RIYADH: Saudi Crown Prince Mohammed bin Salman on Sunday announced the creation of a new national airline “Riyadh Air,” wholly owned by the Public Investment Fund, the Saudi Press Agency reported.
Saudi Arabia revealed Sunday its new national carrier, Riyadh Air, which will be fully owned by the kingdom's sovereign wealth fund, the Public Investment Fund (PIF).
