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  • Saudi Arabia Plans to Buy 121 Boeing 787 Dreamliner Planes for New Riyadh Air

    The new airline, called Riyadh Air, will buy 39 787-9 jets, with options for 33 more, while existing state-owned carrier Saudia will purchase 39 787 and have a top-up option for another 10, Boeing said. The jets will be fitted with General Electric Co. engines. The White House put the deal value at almost $37 billion, though big customers typically receive steep discounts.

  • Saudi Sovereign-Wealth Fund Close to Deal for Boeing Jets

    The Air India deal, which included 220 new Boeing planes, was the largest commercial-jet order in aviation history and was valued at around $85 billion, based on the planes’ list prices that don’t include customary discounts. United Airlines Holdings Inc. said in December that it would buy 100 of Boeing’s 787 Dreamliners as part of a deal that included orders for the manufacturer’s smaller 737 MAX narrow-body jets.

  • Saudi sovereign wealth fund near $35 billion deal for Boeing jets, WSJ says

    Saudi Arabia's Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, the Wall Street Journal reported on Saturday, citing people familiar with the matter. The aircraft order is valued at $35 billion, the report said, adding that the deal could be announced as soon as Sunday during an official launch of the national airline.

  • Boeing, Airbus Sell 470 Planes to Air India in Record Deal

    Air India Ltd. ordered 470 jets from Boeing Co. and Airbus SE EADSY 0.63%increase; green up pointing triangle, marking the largest deal for commercial aircraft in aviation history and coming as airlines scramble for jets to meet surging demand for air travel. The airline said it has agreed to purchase 250 Airbus jets. It also ordered 220 Boeing planes, according to the White House, which announced the Boeing side of the deal.

  • Boeing says farewell to ‘Queen of the Skies’ with last 747 delivery

    More than half a century since the original jumbo jet ushered in a glamorous new jet age, helping bring affordable air travel to millions of passengers, the last-ever Boeing 747 was delivered on Tuesday, marking the start of the final chapter for the much-loved airplane. In a ceremony that was broadcast live online, the aircraft was handed over to its new owner, US air cargo operator Atlas Air, at Boeing's plant in Everett, Washington.

  • Boeing orders jump but trail Airbus for 4th straight year as China lags

    Boeing Co (BA.N) reported a sharp jump in airplane orders and deliveries in 2022 but trailed Airbus (AIR.PA) for the fourth straight year as its European rival trounced the U.S. manufacturer more than tenfold in the Chinese market. Boeing delivered 480 airplanes and won 774 net new orders after allowing for cancellations in 2022, while Airbus delivered 661 jets and won 1,078 jet orders during 2022, or a net total of 820 after allowing for cancellations.

  • Egypt to buy $426m worth of helicopters from Boeing

    The US Army has awarded Boeing a $426m contract to produce 12 new CH-47F Chinook helicopters for the Egyptian Air Force, the company announced on Tuesday. The US State Department approved the possible sale of helicopters and related equipment to Egypt estimated at $2.6 bn in May 2022. Egypt requested to purchase 23 Chinooks, suggesting the country could purchase more.

  • Boeing: air cargo traffic to double in the next 20 years as demand grows

    Boeing, one of the world's biggest aviation companies, has projected that air cargo traffic will double in the next two decades as the industry shifts its focus to evolving demand following the coronavirus pandemic. The expansion will be supported by a 57 per cent growth in the global freighter fleet, which would put it at 3,600 aircraft, and will require about 2,800 new and converted freighters for growth and replacement until 2041, the Virginia-based company said in its World Air Cargo Forecast on Friday.

  • Saudi minister Bandar bin Ibrahim Al-Khorayef holds meetings with high level officials of Boeing, Cargill, Merck Millipore

    Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef, currently on a visit to the US, held meetings with high-level officials of several private sector companies to discuss investment opportunities between the two countries in the industrial and mining sectors.

  • Saudi Arabia to emerge as a ‘major player’ in regional aviation space, Boeing says

    The kingdom's Saudi Aviation Strategy calls for tripling annual passenger traffic to 330 million by 2030, boosting the number of destinations to 250 from 99 at present and establishing a new flag carrier. This strategy is backed by $100 billion in investments from the government and private sector.