The creation of a second Saudi national airline, with industry veteran Douglas as its CEO, was announced alongside an order for up to 72 Boeing 787s in March, as the kingdom moves to diversify its economy and serve over 100 destinations by 2030.
The launch of a new airline is seen as a showcase for Saudi Arabia's Vision 2030 plan to diversify from oil by fostering new industries that generate jobs and lure foreign capital. He said all major European and Asian capitals as well as main North American cities would be on the network. Narrowbody jets would focus on the Indian subcontinent and Gulf region.
Douglas was speaking on the sidelines of the annual meeting of the International Air Transport Association, a gathering of 300 airlines that he described as "speed-dating" among carriers expiring business ties or talking to suppliers.
Source: News Formal (newsformal.com)
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