- Boeing Co B.A has received orders for 787 Dreamliner jets from two Saudi Arabian airlines.
- Riyadh Air, an airline owned by the Public Investment Fund (PIF) of Saudi Arabia, will purchase 39 787-9, with options for one additional 33 787-9.
- At the same time, state-owned Saudia Airlines will also buy 39 jets, with an option to another ten jets.
- Overall, Saudi Arabian airlines announced their intention to purchase up to 121 787 Dreamliners in Boeing’s fifth largest commercial order by value.
- Also read: Boeing is reportedly close to a $35 billion airline deal with Saudi Arabia.
- The deals are part of Saudi Arabia’s efforts to become a global aviation hub.
- This will support the country’s goal of serving 330 million passengers annually by 2030 and attracting 100 million visitors.
- Related: Boeing analysts advise caution following production woes of the latest 787.
- Last month, Boeing suspended deliveries of its 787 Dreamliners after a new problem was found in a component used near the front of the plane that caused problems This was announced by the US aviation authority FAA.
- Boeing said that while reviewing the certification documentation, it “discovered an analysis error by our supplier related to the 787’s forward pressure bulkhead. We have notified the FAA and halted 787 deliveries while we complete the required analysis and documentation.”
- Price promotion: BA shares are up 4.33% to $212.18 on Tuesday’s latest check.
- Photo via Wikimedia Commons
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