Dammam-based Al Qahtani Aviation Company has signed a firm purchase agreement for 16 CS300 aircraft with options for an additional 10. The aircraft will be operated by SaudiGulf Airlines, a newly launched national carrier from the Kingdom of Saudi Arabia. Al Qahtani Aviation Company and SaudiGulf Airlines are both owned by Saudi Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies (Tariq Al-Qahtani & Bros.).
Based on the list price of the aircraft, the firm order for the 16 CS300 aircraft is valued at approximately $1.21 billion US. Should all 10 options be exercised, the value of the contract would increase to $1.99 billion US.
According to chairman Sheikh Tariq Al Qahtani of SaudiGulf Airlines more than 54 million passengers moved through Saudi Arabia’s 27 airports in 2013 alone, making it a proper market to aim at.
Bombardier Aerospace delivered 238 aircraft during 2013, compared to 233 aircraft a year earlier. The company also received orders for 388 aircraft, net of cancellations, compared to 481 orders, net of cancellations, for the previous year. Of the aircraft delivered last year 180 were business jets and 55 were commercial aircraft.