Saudi Airlines: Electric Aircraft Will Connect Key Regions of the Kingdom by End of 2026

The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani (Asharq Al-Awsat)
The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani (Asharq Al-Awsat)
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Saudi Airlines: Electric Aircraft Will Connect Key Regions of the Kingdom by End of 2026

The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani (Asharq Al-Awsat)
The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani (Asharq Al-Awsat)

The official spokesperson for Saudi Airlines, Engineer Abdullah Al-Shahrani, told Asharq Al-Awsat that the 100 electric aircraft purchased from the German company Lilium will begin official operations in the second half of 2026, with the delivery of the first aircraft.
This follows a deal between Saudi Airlines and Lilium in July, marking one of the largest orders the company has received to date.
Speaking during the first day of the Global Logistics Forum in Riyadh, Al-Shahrani explained that a major test flight is scheduled for February next year. After that, infrastructure development and pilot training will begin, leading to the official launch in the second half of 2026. The full fleet will be delivered over six years, he remarked.
At the forum, Saudi Airlines showcased a real-life model of the Lilium electric aircraft. Al-Shahrani noted that each aircraft can reach a speed of 270 km/h and cover distances of up to 170 kilometers. Saudi Airlines plans to build a wide network of Lilium planes to link major areas in the Kingdom, with flight times ranging from 20 to 40 minutes, emphasizing the efficiency and time savings these aircraft offer.
The Lilium electric planes are expected to significantly increase the frequency of flights and reduce travel times by up to 90%, especially to tourist destinations that currently require longer journeys. They will also provide a solution for travel in congested areas, easing traffic and saving time.
Al-Shahrani further detailed plans to use the electric planes to connect King Abdulaziz International Airport in Jeddah with key religious sites such as the Grand Mosque, Muzdalifah, Mina, and Arafat, utilizing landing zones near these locations. Similarly, they will link King Khalid International Airport in Riyadh with entertainment districts like Qiddiya and Diriyah. Future plans include connecting the Red Sea Project resorts with regional airports and integrating the aircraft into the NEOM region.
This initiative aligns with the goals of Saudi Vision 2030 and the National Transport and Logistics Strategy, contributing to the growth of the tourism, entertainment, and sports sectors. It will also facilitate the movement of 330 million travelers and 150 million visits, as well as support the transport of pilgrims during Hajj and Umrah, helping achieve the target of 30 million Umrah visitors.

 



Gold Extends Slide to 1-week Low on Curbed Safety Demand, Stronger Dollar

A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
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Gold Extends Slide to 1-week Low on Curbed Safety Demand, Stronger Dollar

A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo

Gold prices extended declines on Tuesday, hitting a more than one-week low, pressured by a jump in US dollar and easing safe-haven demand after reports of a possible Lebanon-Israel ceasefire.

Spot gold was down 0.4% at $2,614.56 per ounce as of 0845 GMT, after hitting its lowest since Nov. 18 earlier in the session. US gold futures edged 0.1% lower to $2,614.80, Reuters reported.

The precious metal fell 3.2% on Monday, its deepest one-day decline in more than five months, on news that Israel looked set to approve a US plan for a ceasefire with the Iran-backed Hezbollah, with further pressure from Trump's nomination of Scott Bessent as the US Treasury secretary.

Meanwhile, the Kremlin said it had noted that Trump's circle was speaking about a potential peace plan for Ukraine.

"This has reduced the geopolitical risk premium, leading to a decline in gold prices," said Soni Kumari, a commodity strategist at ANZ, adding that a stronger US dollar is also weighing on investor appetite for gold. The dollar was up by 0.3%, after US President-elect Donald Trump vowed tariffs against Mexico, Canada and China, reducing gold's appeal for holders of other currencies.

"So now the focus will shift back to, what Fed is going to do in December meeting," Kumari said. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the US central bank's policy spectrum, said he is open to cutting rates again next month.

Traders will also keep a close eye on US consumer confidence data and the minutes from the Fed's November meeting later in the day.

"I expect gold to trade in a narrow range in the short term, with a slight upward drift," Matt Simpson, a senior analyst at City Index said.

Spot silver slipped by 0.1% to $2,614.80 per ounce, platinum shed 1.1% to $928.40 and palladium was down 0.2% to $971.10.