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  • 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.

  • Saudi Arabia’s new $30bn RIA airlines to launch with Boeing 737s, Airbus A320s

    “The ambition is huge but you cannot start operating direct flights to the UK and USA on day one. Regardless of complex negotiations underway for traffic rights, you need the planes, many of which take a long time to be secured – and all the infrastructure and personnel.” It is believed that deals are being struck with Boeing for its 737 MAX planes, which have a range of less than 4,000 miles.

  • How The Boeing 737 MAX Will Help Qatar Airways Test New Routes

    Qatar Airways last month stole the headlines with a move for up to 50 Boeing 737 MAX aircraft at the Farnborough Airshow. The flag carrier of Qatar placed a firm order for 25 of the 737 MAX 10, with options for another 25 of the type. As the dust settles on this announcement, Simple Flying caught up with Eric Odone, VP Sales, Europe, Qatar Airways, about how the twinjet will fit in with the airline’s network.

  • Qatar Airways’ Boeing 737 deal has lapsed, UK court told

    Qatar Airways has indicated that a provisional agreement to buy up to 50 Boeing 737 MAX jets has lapsed, Boeing's rival Airbus said in a court document released on Thursday. The deal, signed in Washington in January, is part of a series of inter-locking agreements caught up in a London court dispute between Airbus and the Gulf carrier over a larger jet.

  • Boeing expects demand to be back to pre-pandemic levels by 2024, says top official

    Boeing anticipates global demand to see about 4 percent annual growth year over year for the next two decades, expecting to be back to pre-pandemic levels by 2024, said Omar Arekat, the company’s Middle East and Africa VP of commercial sales and marketing. He added that the growth for the Middle East would be slightly above that at 4.2 percent year over year.

  • Boeing ‘Almost There’ on 787 Dreamliner Delivery Restart

    Resuming 787 handovers and speeding up 737 Max deliveries are key to Boeing’s efforts to finally start generating cash after years of losses and regulatory scrutiny following two airplane crashes in 2018 and 2019. Hundreds of undelivered aircraft are stashed around its factories and in storage yards, including around 330 Max and about 30 of the hulking 777X, which won’t enter the market until 2025, according to Ron Epstein, an analyst with Bank of America.

  • Boeing to move headquarters from Chicago to Arlington, Va.

    The move comes as Boeing has faced heightened scrutiny from the Federal Aviation Administration in recent years, a shift that came after lawmakers pointed to close ties between regulators and the company after 737 Max crashes in 2018 and 2019. Moving executives to Washington could help to smooth that relationship, but it could also rankle front line engineering and manufacturing staff, who previously have raised concerns about being overruled on safety issues by company executives and senior FAA officials.

  • Boeing Posts a $1.5 Billion Loss Amid Higher Costs and Delays

    The company said it lost nearly $1.5 billion in the first quarter on total revenue of just under $14 billion, both just below analysts’ estimates. The company also reported a loss of more than $2 per share.

  • Saudi Arabia: public fund’s defence firm and Boeing to develop aviation sector 

    "The maintenance of the rotary fleets operated in the Kingdom by the different forces represents a major opportunity for localisation and development of new sustainable skills," said Walid Abu Khaled, SAMI's chief executive. "Much of this work is currently outsourced to the US or Europe, while aircraft numbers in the Kingdom are expected to double in the next 10 years." He added that this joint venture is seen as a first step towards a broader strategic partnership between Boeing and SAMI that will encompass additional platforms and services in the future.