Saudi Arabia's Public Investment Fund (PIF) is considering purchasing Boeing 777s and Airbus A350s for a new cargo airline. According to Bloomberg News, the new airline will serve both the national flag carrier Saudia and the new start-up Riyadh Air.
Talks on the procurement are at an advanced stage, but details of the final decision have not yet been released. The planned cargo airline is expected to expand air cargo capacity in the Kingdom and support international trade.
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