Saudi Arabia agreed to a massive partnership with Boeing to overhaul its fleet of aircraft. The deal represents a win-win for both Saudi Arabia and the US.
The Middle Eastern country agreed to purchase up to 121 787 Dreamliners, Boeing announced on Tuesday, for what the White House said was nearly $37 billion. Riyadh Air, a new airline that Crown Prince Mohammed bin Salman announced over the weekend, will purchase 39 new aircraft, with an option for 33 more, while Saudia Airlines is set to purchase 39, with an option for 10 more.
The deal represents a win-win for both Saudi Arabia, which is looking to serve 330 million passengers and attract 100 million visitors annually by 2030, and the U.S. for the requisite jobs to fill the order. White House press secretary Karine Jean-Pierre said the deals support more than 140,000 U.S. jobs,"many of which do not require a four-year college degree," adding,"Today’s announcement ensures that Boeing and General Electric will anchor Saudi Arabia’s new international airline together with support for a new international airport. This partnership is another milestone in eight decades of cooperation between Saudi Arabia and American industry.
Boeing CEO Dave Calhoun told Reuters that his company got support from the administration and key lawmakers"every step of the way."
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