Bombardier Aerospace has announced that Dammam-based Al Qahtani Aviation Company has signed a firm purchase agreement for 16 CS300 aircraft with options for an additional 10 CS300 jetliners. The aircraft will be operated by Saudi Gulf Airlines, a newly launched national carrier from the Kingdom of Saudi Arabia. Al Qahtani Aviation Company and Saudi Gulf Airlines are both owned by Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies (Tariq Al-Qahtani & Bros.). Based on the list price of the aircraft, the firm order for the 16 CS300 aircraft is valued at approximately $1.21 billion US. Should all 10 options
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