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20-02-14

Saudi Airlines signs USD1.87b loan deal

(MENAFN) Saudi Arabian Airlines signed a loan deal to fund buying new aircrafts, Arabian Business reported. The Kingdom's flag carrier signed the USD1.87 deal to fund buy 17 new aircrafts. Saudi Arabian Airlines director general said: "There is growth of traffic worldwide like a flood." The carrier requires 100 new aircrafts by 2020 so it can cope with the growth in the sector, the director general said.