الرئيس التنفيذي لطيران الرياض لـ CNBC عربية: ستدخل الشركة سوق الدين في الربع الثاني من 2025

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Watch الرئيس التنفيذي لطيران الرياض لـ CNBC عربية: ستدخل الشركة سوق الدين في الربع الثاني من 2025 - CNBCArabia on Dailymotion

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00:00 "We made an announcement in March of this year for 72 Dreamliner 787 aircraft.

00:07 They will enter service in the second quarter of 2025.

00:11 The date may seem far away, but it seems like we are waiting for it tomorrow morning.

00:17 In a few weeks, we will announce the request for tight-body aircraft.

00:21 This is one of the important requests that we will submit."

00:29 How many aircraft are you planning to operate by 2030?

00:34 "By 2030, we will be operating a fleet of about 200 aircraft

00:43 serving more than 110 destinations in different parts of the region and the Kingdom of Saudi Arabia."

00:49 How many aircraft are in the fleet so far?

00:58 "The first submission will be at the beginning of 2025.

01:01 We will start transporting the national aircraft to the Kingdom of Saudi Arabia.

01:05 This will be the biggest deal since we signed the Qatar Airways deal.

01:10 Our investments are made through the General Investment Fund, which is owned by our company.

01:18 It is the largest investment fund in the Kingdom of Saudi Arabia.

01:21 We get full services and funding.

01:23 This is what allowed us to submit our first request for 72 787 Dreamliners."

01:29 When will you enter the debt market?

01:34 "The debt market will start in the second quarter of 2025.

01:40 We will offer the first financial services in operation.

01:49 The size of the service will start from the first day and we will need up to three aircraft.

01:54 We will build on that very quickly with the Boeing submissions in the first five years

01:58 to connect more than 110 cities."

02:01 What are your expectations for the aircraft sector in the Middle East and North Africa?

02:10 And what about competition between regional companies?

02:13 "Within the region, we still see steady growth as an opportunity."

02:19 "We still see steady growth in the region and we see that as an opportunity.

02:23 All flights from and to Riyadh are fully booked.

02:26 What about people?

02:27 Make sure that flights between Riyadh, Dubai, Dubai and Riyadh are fully booked.

02:32 There are two reasons for that.

02:34 The first is that the Kingdom of Saudi Arabia is one of the top 20 countries

02:39 and it is the fastest growing economy in the world.

02:42 This means that it is a huge demand to enter the Kingdom.

02:46 The second reason is that the Kingdom is currently experiencing a shortage in service

02:50 and the demand is increasing a lot on the ground.

02:52 So we see a great opportunity for growth."

02:55 But on the other side, do you think that the supply chain will face difficulties in the next years?

03:03 "The supply chain has always had challenges.

03:07 I've been involved in commercial business for over 30 years

03:11 and I know that we are not ever going to be able to do anything new.

03:16 We are a new company and we don't have a plan B.

03:19 If Boeing is late in submitting any of our equipment,

03:23 we can't extend the time or change the supply chain.

03:26 We don't have the time to do that.

03:28 We demand that the company fulfil its commitments to Riyadh Airlines."

03:32 Let me ask you about the financial results that you are aiming for next year.

03:40 What about the growth percentage that you aim to?

03:45 "We are fully funded by the public investment funds as I've already explained."

03:51 "The company is owned entirely by the public investment fund.

03:54 The reason why we are so important in this regard

03:58 is that the Kingdom's strategy, led by the Crown Prince Mohammed bin Salman,

04:02 is to have 13 basic economic diversification rules.

04:06 It is clear that the factors that make up all of this

04:10 are the provision of services, the link between the world's countries,

04:13 and the role of the airlines in this area."

04:17 What are your expectations of the contribution of the company to the overall local product?

04:22 "We are enabling the 13 basic economic diversification rules

04:28 and we are probably going to create 200,000 jobs

04:31 directly and indirectly in the areas of aviation."

04:36 aviation ecosystem.

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