The signing is part of Saudi Arabian’s strategic plan to modernize its fleet through the acquisition of 82 of the latest aircraft. The aim is to meet growing passenger demand and enhance the national carrier’s competitive position at both regional and international levels.

“Our decision to order the 777-300 ER is part of a long-term growth strategy to expand and modernize our fleet with newer, more fuel-efficient airplanes,” Al-Molhem said.

Al-Molhem thanked King Abdullah, the Custodian of the Two Holy Mosques, for his support of Saudi Arabian Airlines. He said Crown Prince Sultan Bin Abdul Aziz, Deputy Premier, Minister of Defense and Aviation and Inspector General, has also been behind Saudia’s success.

“We see direct benefit because of the 777-300ER’s improved fuel efficiency, seat-mile costs and the economics of operating a twin-engine airplane over long distances.”

The Director General said that most of the aircraft were to be used as part of a program to rationalize domestic services and increase seating capacity by 20 percent.

“For nearly seven decades, SV has been playing a major role in the country’s development. It has linked all parts of Saudi Arabia with a modern air transport network. In addition, it has greatly contributed to the commercial exchange between Saudi Arabia and the world,” he added.