Saudi Arabia Unveils New Airline “Riyadh Air”

The Kingdom of Saudi Arabia has unveiled a new international airline called Riyadh Air.

The country aims to compete with a handful of other Middle Eastern carriers that have used their geography to build world-class airlines and attract business travelers and tourists from across the world.

Meanwhile, Saudi Arabia’s sovereign-wealth fund, the Public Investment Fund, is close to committing to a big order of Boeing Co. jets to underpin the new airline.

The deal is expected to be announced this week, and could be a boom for the aircraft maker.

WSJ/Hauwa Abu