Saudia signs agreement with French bank to finance new Airbus aircraft

The Saudia Group finalized a memorandum of understanding (MoU) during an event held in Paris, France. This agreement aims to investigate and establish financing options for the airline’s upcoming acquisition of new Airbus aircraft. The specific details regarding the financing solutions are currently under exploration between Saudia and Crédit Agricole Corporate & Investment Banking. Representatives from both entities were present at the signing ceremony which took place on November 30, 2023. This collaboration represents a significant step towards bolstering Saudi Arabia's aviation capabilities with modern fleet technology.