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Saudi Arabia’s flag provider planning to purchase 70 Airbus, Boeing jets: report

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Saudia’s fleet of 144 plane already contains A321, 777 and 787 jets. Photograph: File
  • Saudia plans to order 70 Airbus, Boeing jets, in response to a report
  • Report would not breakdown what number of plane of every sort Saudia is planning to buy
  • Saudia is in talks with native banks to lift 11.5 billion riyals for the acquisition

DUBAI: State-owned Saudi Arabian Airways (Saudia) plans to order 70 airliners from Airbus and Boeing, Saudi information outlet Maaal reported on Monday, citing unidentified sources.

Saudia is in talks with native banks to lift 11.5 billion riyals ($3.07 billion) to partially finance an order for Airbus A321 narrow-bodied jets and Boeing 777 and 787 Dreamliner wide-bodies, Maaal stated.

The report didn’t breakdown what number of plane of every sort Saudia was planning to buy.

A banker, talking on the situation of anonymity, advised Reuters that Saudia was out there to lift debt for an order of round 70 new jets.

Learn extra: Saudi Arabia to droop worldwide flights over coronavirus fears

The airline’s fleet of 144 plane already contains A321, 777 and 787 jets.

Saudia didn’t instantly reply to a request for remark. An Airbus spokeswoman stated the planemaker was at all times in talks with its clients on their fleet necessities, declining remark additional. Boeing declined to remark.

Firm paperwork reviewed by Reuters confirmed that the airline acquired a minimum of $7 billion in direct funds and different monetary help in 2019 and 2020 from the federal government, because the provider struggles with losses and the impression of the pandemic.

($1 = 3.7505 riyals)

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