Boeing to sell some 80 787-planes to Saudi airlines

Robert Besser
15 Mar 2023, 22:39 GMT+10

Boeing said it expects to sell 78 787-Dreamliner airplanes to two Saudi Arabian airlines, state-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air
The deal is expected is expected to be finalized as soon as this week, and the total value of the 78 planes would be $37 billion
The airlines are expected to buy the 787s split between the two buyers, with the option to purchase an additional 43 aircraft

ALEXANDRIA, Virginia: Confirming a previous report by the Wall Street Journal, Boeing said it expects to sell 78 787-Dreamliner airplanes to two Saudi Arabian airlines, state-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air.

The deal is expected is expected to be finalized as soon as this week, and the total value of the 78 planes would be $37 billion.

The airlines are expected to buy the 787s split between the two buyers, with the option to purchase an additional 43 aircraft.

As the kingdom aims to compete with other regional transport and travel hubs, Saudi Arabia's Crown Prince Mohammed bin Salman announced the launch of Riyadh Air.

Saudi news agency SPA said Riyadh Air will serve more than 100 destinations around the world by 2030, utilizing the kingdom's location between Asia, Africa and Europe.

The agency added that the new airline is expected to add $20 billion to Saudi Arabia's non-oil GDP growth and create more than 200,000 direct and indirect jobs.

Riyadh Air is wholly owned by Saudi Arabia's sovereign wealth fund, the Public Investment Fund.

Meanwhile, Reuters reported that while Boeing was lobbying for a slice of the kingdom's transportation expansion, Saudi Arabia was in advanced negotiations to order almost 40 A350 jets from Airbus in October.

The deal with the two Saudi airlines follows a major order in December for 100 787 Dreamliners and 100 737 MAX planes from United Airlines.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Afghanistan Sun.

More Information

null in null

International

Section

Honduras to end diplomatic relations with Taiwan

TEGUCIGALPA, Honduras: In what could signal the end of his country's decades-long relations with Taiwan, Honduran foreign minister Eduardo Enrique ...

Focus on Chinese abuse of Uyghurs by US House

WASHINGTON D.C.: A new US Congressional committee focusing on China held its second hearing on the alleged abuses of the ...

Latest California storm causes 5 deaths in Bay area

SAN FRANCISCO, California: A new round of extreme winter weather that hit California, also drifted into neighboring Southwest states, with ...

Near-misses causes US to warn airlines, pilots to be on greater alert

WASHINGTON D.C.: After several high-profile near collision incidents, the US Federal Aviation Administration (FAA) has issued a safety alerts to ...

In rare move, Cambodia arrests two for insulting king

PHNOM PENH, Cambodia: Two Cambodian opposition figures--- Yim Sinorn and Hun Kosal--- have been charged under the country's rarely used ...

Deaf student can sue for denial of education, says US Supreme Court

WASHINGTON D.C.: The US Supreme Court has ruled that a deaf student in Michigan can sue his public school district, ...

Central Asia

Section

Despite promises, girls again barred from schools in Afghanistan

KABUL, Afghanistan: Afghanistan's education ministry has announced that the country's school year has begun, but the United Nations children's agency, ...

"Seniors didn't get their deserved respect": Pakistan's Shadab makes big statement following T20I series loss to Afghanistan

Sharjah [UAE], March 27 (ANI): Pakistan stand-in skipper and all-rounder Shadab Khan believes plenty of positives will come from his ...