New York, Mar. 12 (BNA): The Saudi Public Investment Fund is close to concluding a deal to buy Boeing commercial aircraft for the fleet of a new national airline, the Wall Street Journal reported today, Saturday, quoting sources familiar with the Wall Street Journal. Theme.
The value of the aircraft order is $35 billion, the report said, adding that the deal may be announced as soon as Sunday during the official launch of the national airline.
The report added that the agreement includes wide-body aircraft that are often used on long-haul international flights.
In October, Saudi Arabia was in advanced negotiations to order nearly 40 A350s from Airbus, industry sources told Reuters, and Boeing also pressed for part of the kingdom’s transportation expansion.
Afterwards, the head of state-owned Saudi Arabian Airlines (Saudi Arabia) told Reuters it was in talks with Boeing and Airbus about orders for itself and a planned new carrier, RIA.
Boeing declined to comment, and Saudi Arabia’s Public Investment Fund did not immediately respond to a Reuters request for comment on the report.
The deal is part of a rapid expansion by the country as part of a strategy to transform the kingdom into a transportation and tourism hub.
WWA