Saudi Arabia's Riyadh Air is reportedly preparing to expand its long-haul fleet by converting most of its Boeing 787 Dreamliner purchase options into firm orders, according to industry sources.
The airline is evaluating the acquisition of between 25 and 30 additional Boeing 787 aircraft by exercising the majority of its remaining options with the U.S. manufacturer. Sources said an announcement could be made as early as next week's Farnborough Airshow, although discussions are still ongoing and no final decision has been confirmed.
Riyadh Air and Boeing declined to comment on the reports.
The carrier, which operated its first commercial revenue flight last month, placed an order in 2023 for up to 72 Boeing 787 Dreamliners. The agreement included 39 firm orders and options for an additional 33 aircraft.
In addition to its Boeing commitments, Riyadh Air has ordered 25 Airbus A350-1000 aircraft and retains options for another 25. Industry sources indicated that the airline is also considering converting some of those Airbus options into firm purchases as it advances its fleet expansion plans. Airbus declined to comment.
Source: Reuters