Saudi’s PIF reportedly in early talks for new cargo fleet to compete with Dubai and Doha

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is said to be in early talks to order a new cargo fleet to compete with cargo logistics hubs in Dubai and Doha, according to a Bloomberg News report that cited people familiar with the matter. PIF is said to be in talks with both OEMs and lessors to order both 777 and A350 freighter aircraft. The cargo fleet would be used by Saudia – the country’s flag carrier – and the startup Riyadh Air, which expects to begin operations next year. With it being early talks, much is subject