Saudi Arabia launches new national airline

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Saudi Arabia launches new national airline

(Patria) - Saudi Arabia's Crown Prince Mohammed bin Salman officially announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony
Douglas as Chief Executive Officer, as the Kingdom moves to compete with regional transport and passenger hubs, Reuters reported. 

Riyadh Air will serve more than 100 destinations worldwide by 2030, leveraging the Kingdom's location between Asia, Africa and Europe, the state news agency SPA announced.

The new airline is expected to add $20 billion to Saudi Arabia's GDP growth and create more than 200,000 jobs, directly and indirectly, the statement said.

The announcement could lead to a tougher fight for passengers with regional giants like Emirates, Qatar Airways and Turkish Airlines, as tourism recovers from the pandemic.

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