Two Saudi Arabian airlines said they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer.
Two Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer.
Relatively high oil prices have boosted Saudi Arabia’s economy and government, making it easier for the kingdom to close a multi-billion-dollar jet order. “The ambition here in the kingdom is huge, and this today ... is our first big order,” Tony Douglas, the CEO of Riyadh Air, told CNBC. “There will be more orders."
The Saudi deal is also a boost for the Boeing 787, which the company calls the Dreamliner. Boeing has struggled with interruptions in delivering new 787s for more than two years because of production flaws.Boeing had been talking to the Saudis about an order for three years, according to two senior U.S. administration officials, who spoke on condition of anonymity because the deal had not been publicly announced.
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