Saudi Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Public Investment Fund (PIF), announced on Sunday the establishment of “Riyadh Air,” a PIF wholly-owned company. The new national carrier will leverage Saudi Arabia’s strategic geographic location between the three continents of Asia, Africa and Europe, enabling Riyadh to become a gateway to the world and a global destination for transportation, trade, and tourism.
Riyadh Air will be chaired by Governor of PIF Yasir Al-Rumayyan while Tony Douglas, who brings more than 40 years of experience in the aviation, transportation and logistics industries, has been appointed Chief Executive Officer. The airline’s senior management will include Saudi and international expertise.
