Skift Take

As Riyadh Air ramps up with plenty of cash, Boeing and Airbus will compete for the spoils.

Boeing Co is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air, Bloomberg News reported on Sunday.

The new carrier, wholly owned by Saudi Arabia’s Public Investment Fund (PIF), is looking for about 300 to 400 single-aisle jets in total, the report said, citing people familiar with the matter. Airbus SE could also claim a part of the order, the report added.

Boeing declined to comment, while Riyadh Air and PIF did not immediately respond to Reuters requests for comment.

Boeing previously won another order by state-owned airline Saudia and Riyadh Air for a combined 78 Boeing 787 Dreamliners, the fifth-largest commercial order by value in the plane maker’s history.

(Reporting by Jyoti Narayan in Bengaluru; Editing by Mark Porter and Deepa Babington)

This article was from Reuters and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to [email protected].


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Tags: 737 max, Boeing, dreamliners, Riyadh Air, saudi arabia

Photo credit: A Boeing 737 Max at the Farnborough International Air Show. The company is looking to sell 150 or so of the jets to a new Saudi airline. Source: Reuters

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