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Boeing Inks Deals with Two Saudi Arabian Airlines

Boeing trumpeted its new agreements of selling approximately 121 airplanes in two separate dealings with two Saudi Arabian airlines, which amounted to roughly $37 billion.

The aerospace giant, Boeing revealed that Saudi Arabian Airlines (SAUDIA) has agreed to purchase up to 49 of its 787 Dreamliners, nearly doubling SAUDIA’s current Boeing fleet, which currently includes models in both the 777 and 787 categories respectively.

The second Boeing deal with the New Saudi Arabian carrier Riyadh Air, owned by the nation’s Public Investment Fund, has decided to buy 38 Boeing 787-9s, with the option for 33 more in its fleet.

Boeing said the orders from the Saudi firms aim to support Saudi Arabia’s goal of offering dedicated service to approximately 330 million passengers and attracting over 100 million visitors annually. These orders are considered the fifth-largest commercial order in Boeing’s history.

Tony Douglas, CEO of Riyadh Air said, “The new airline reflects the ambitious vision of Saudi Arabia to be at the core of shaping the future of global air travel and be a true disrupter in terms of customer experience.”

Karine Jean-Pierre, the White House press secretary expressed “We are particularly pleased that Boeing was able to finally conclude these deals with Saudi Arabia after years of discussions, and intensive negotiations over recent months.”

Jean-Pierre called the announcement “another milestone in eight decades of cooperation between Saudi Arabia and American industry.”

The Boeing Company, established in 1916 is an American multinational corporation headquartered in Arlington, Virginia. Boeing designs, manufactures and sells airplanes, missiles, telecommunications equipment, satellites, rockets, and rotorcraft worldwide. The company also provides leasing and product support services.