Saudi Arabia plans to invest up to $30 billion USD to launch a second national airline as part of its Vision 2030 plan to diversify its economy. The new airline is one part of a larger investment into the civil aviation sector in the country, which the nation plans to invest $100 billion into by 2030.
Boeing is set to end production of the 747 aircraft, with Atlas Air to receive the last delivery of Boeing 747-8F later this year when the final production stage is completed, marking the end of an era in the aviation industry.
The airline has also released figures showing another successful month in their steady climb back to pre-pandemic levels.
Delivery of the Dreamliner was initially halted in late 2020, before being resumed in early 2022 and halted again at the end of May 2021 at the request of the FAA due to quality problems.
Just hours after Spirit Airlines walked away from its merger deal with Frontier Airlines, JetBlue secured a deal to takeover the highly-sought after budget carrier for $3.8 billion.
Spirit Airlines has walked away from its merger negotiations with Frontier Airlines, as it continues negotiations over a possible deal with rival JetBlue.
