Saudia lines up Airbus financing

Saudia Group has established a memorandum of understanding with Saudi EXIM Bank and Crédit Agricole CIB to secure funding for the purchase of new Airbus aircraft. The primary objective of this agreement is to explore and arrange financial resources for Saudia’s acquisition plans. Crédit Agricole CIB will assume the role of financier and arranger, focusing on structuring and providing the necessary capital. This collaboration represents a significant step in Saudia's strategy to modernize its fleet and expand operations. Details regarding the specific number or type of aircraft being targeted remain undisclosed at this time.