Saudia agrees financing deal with French bank for new Airbus aircraft

Saudia has finalized an agreement with Credit Agricole, alongside the Saudi Export-Import Bank (Saudi Exim), to finance the purchase of new Airbus jets. The memorandum of understanding (MoU) establishes a framework for covering a portion of the acquisition costs. Delivery schedules will be adhered to as Credit Agricole provides financial support for these new aircraft orders. This collaboration represents a significant investment in Saudia’s fleet modernization strategy. The financing deal underscores Saudi Arabia's commitment to expanding its aviation capabilities and bolstering international connectivity.