OxfordSaudia, SNB Co-sign for Fleet Expansion

OxfordSaudia Flight Academy has signed a financing agreement with SNB for  transformational expansion to keep up with the exponential growth of demand for education and training of the aviation workforce in the KSA, with the help of its exclusive financial advisor, Alrajhi Financial Solutions.

“This agreement will contribute substantially to the Kingdom’s aviation training industry. OxfordSaudia’s fleet expansion will enable it to achieve its vision of being the leading destination for ab-initio flight training in the middle east and the world, Captain Larry Wade, the CEO of OxfordSaudia Flight Academy explained.

I believe these agreements represent the success journey of OxfordSaudia in the past few years and we are proud to see both local and international banks believe in our journey,” he added.

“It is our pleasure to enable OxfordSaudia Flight Academy to fulfill the kingdom’s 2030 vision in saudizing the aviation industry in the kingdom through our financing deal which will assist in building the promising vision of OxfordSaudia which aims to qualify national citizens to work in the different fields of aviation. We believe in the capabilities of our young Saudi nationals to achieve the highest level of accomplishments in this area,” the Spokesman of SNB stated.

About OxfordSaudia Flight Academy
OxfordSaudia Flight Academy has established its center in King Fahad International Airport in Saudi Arabia to help address the significant regional shortage in aviation training.

The center recognizes the skills of individuals in the region and the need to have a regionally based professional career path for qualifying students. The academy has one of its kind training with

guaranteed employment opportunity as flight instructors after graduation. The academy is equipped with a brand new fleet of 60 DA40 and DA42 aircraft and with 4 FTD Diamond Simulators to ensure training is as per the latest technologies and training methodologies.

About The Saudi National Bank (SNB): is the largest financial institution in the KSA and one of the largest powerhouses in the region.

SNB plays a vital role in supporting economic transformation in Saudi Arabia by transforming the local banking sector and catalyzing the delivery of Saudi Arabia’s Vision 2030.

SNB has been formed after the merger of two big banks: the National Commercial Bank and Samba Financial Group.

The National Commercial Bank (NCB) has been considered the largest and the first bank to officially be licensed and operate in KSA.