Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
HDHP vs. PPO: Which Is Right for You?

HDHP vs. PPO: Which Is Right for You?

July 16, 2025
Some Businesses Have Held Off on Hiking Prices, but Not for Long

Some Businesses Have Held Off on Hiking Prices, but Not for Long

July 16, 2025
Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 16, 2025
Cryptocurrency Vs. Stocks: Which Is The Better Choice For You?

Cryptocurrency Vs. Stocks: Which Is The Better Choice For You?

July 16, 2025
What Is a Will and Why Do I Need One?

What Is a Will and Why Do I Need One?

July 16, 2025
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
July 16, 2025 11:40 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home » Riyadh Air’s Massive A350 Order Is a Major Win for Airbus
Riyadh Air’s Massive A350 Order Is a Major Win for Airbus
Markets

Riyadh Air’s Massive A350 Order Is a Major Win for Airbus

News RoomBy News RoomJune 20, 20250 ViewsNo Comments

Airbus’s enormous A350-1000 plane has attracted a lot of attention at this week’s Paris Air Show.

The star passenger jet of the flying display, many people stopped in their tracks to watch it twist and turn above Le Bourget Airport, while a Johann Strauss waltz played over the show’s loudspeakers.

But for Airbus, the real victory was Monday’s order from Riyadh Air.

Saudi Arabia’s ambitious new airline ordered 25 A350-1000s, with options for up to 25 more.

The prices weren’t disclosed, but according to Ishka, an aviation data and advisory firm, one of these planes delivered this year would be worth around $172 million. That would make the deal worth over $4 billion, although planemakers typically give discounts for big deals with airlines.

These enormous jets will play a vital role as Riyadh Air seeks to help turn the Saudi capital into a top tourist destination — a key part of the kingdom’s Vision 2030 plan to diversify its economy.

Riyadh Air, set to start flying later this year, is expected to operate a hub-and-spoke route model — connecting destinations around the world via its home base.

This requires owning large-capacity planes for the most popular routes. Emirates operates similarly, hence its big bet on the double-decker Airbus A380.

Riyadh Air kicked off its program with an order for up to 72 Boeing 787 jets, but tapped Airbus for its first narrow-body order of 60 A321neos.

Riyadh Air CEO Tony Douglas previously told Business Insider its extra-wide-body planes would “almost certainly” include a first-class cabin, unlike the 787s.

The A350-1000 can carry up to 410 passengers in a typical three-class layout and has a range of over 9,000 miles.

It competes with Boeing’s 777X, which has a wider fuselage and more modern technologies, but has been hampered by delays.

While Boeing showed the plane at the last Paris Air Show in 2023, it wasn’t displayed at Farnborough last year during the planemaker’s safety crisis, nor this year due to ongoing flight tests.

It was initially supposed to launch in 2020, but has since been postponed until 2026 as it awaits certification.

However, the A350-1000 has also faced some challenges. It has a checkered history with Middle Eastern carriers, primarily due to issues from the hot and sandy climate in the region.

This made headlines at the 2023 Dubai Air Show after Emirates boss Tim Clark slammed the plane’s Rolls-Royce engines. In harsher environments, the engines require more frequent maintenance.

Emirates instead placed a smaller order for the A350-900, which uses a different type of Rolls-Royce engine. Meanwhile, it is Boeing’s biggest customer for the 777X, responsible for nearly half its 551 orders.

Rolls-Royce has invested over $1 billion to improve the durability of its Trent engine family, which its president of civil aerospace referenced in its Riyadh Air announcement.

Qatar Airways has also been unhappy with the A350 in the past, temporarily grounding its fleet.

The type’s launch customer sued Airbus in 2021, alleging that safety was compromised because cracked paint exposed the copper mesh, which protects the plane from lightning strikes.

Airbus said the problem was only cosmetic and filed a countersuit before the dispute was settled in 2023.

Now with a sizable order from Riyadh Air, it’s clear the A350’s reputation is improving with a new lease of life.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Some Businesses Have Held Off on Hiking Prices, but Not for Long

Some Businesses Have Held Off on Hiking Prices, but Not for Long

GM’s Surprising New Role Powering the AI Boom

GM’s Surprising New Role Powering the AI Boom

Scale AI Explains Layoffs, Citing Overhiring and Unprofitability

Scale AI Explains Layoffs, Citing Overhiring and Unprofitability

Trump Says All Coca-Cola Drinks Will Use Real Cane Sugar

Trump Says All Coca-Cola Drinks Will Use Real Cane Sugar

There’s More to the Gen Z Stare Than Meets the Eye: Experts

There’s More to the Gen Z Stare Than Meets the Eye: Experts

The List of Companies Ordering Employees Back to the Office

The List of Companies Ordering Employees Back to the Office

The 10 Best and 10 Worst Cities to Buy Your First Home

The 10 Best and 10 Worst Cities to Buy Your First Home

David Solomon Finds His Groove While Touting Goldman’s Q2 Earnings

David Solomon Finds His Groove While Touting Goldman’s Q2 Earnings

Albertsons CEO: Cottage Cheese Sales Are up, Partly Due to TikTok

Albertsons CEO: Cottage Cheese Sales Are up, Partly Due to TikTok

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Some Businesses Have Held Off on Hiking Prices, but Not for Long

Some Businesses Have Held Off on Hiking Prices, but Not for Long

July 16, 2025
Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

Here’s How Much Medicare Costs Could Increase in Just 10 Years (and How to Plan)

July 16, 2025
Cryptocurrency Vs. Stocks: Which Is The Better Choice For You?

Cryptocurrency Vs. Stocks: Which Is The Better Choice For You?

July 16, 2025
What Is a Will and Why Do I Need One?

What Is a Will and Why Do I Need One?

July 16, 2025
Best Bank Account Bonuses For July 2025

Best Bank Account Bonuses For July 2025

July 16, 2025

Latest News

Inside NYC Mayoral Candidate Zohran Mamdani’s Meeting With Tech Execs

Inside NYC Mayoral Candidate Zohran Mamdani’s Meeting With Tech Execs

July 16, 2025
GM’s Surprising New Role Powering the AI Boom

GM’s Surprising New Role Powering the AI Boom

July 16, 2025
Want Cash Back? Try the 10 Best Apps to Make Money

Want Cash Back? Try the 10 Best Apps to Make Money

July 16, 2025

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.