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Airbus eyes Saudi deal for almost 40 A350 jets

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© Stocksak. FILE PHOTO A Airbus A350 aircraft was displayed at the Farnborough International Airshow in Farnborough (Britain), July 20, 2022. REUTERS/Peter Cziborra

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PARIS/DUBAI – Saudi Arabia is in advanced negotiations with Europe’s Airbus to order nearly 40 A350 jets as part of its strategic efforts to launch a new airline in the Gulf and challenge heavyweight carriers.

The sources claimed that the purchase by the sovereign Public Investment Fund could be confirmed if it is confirmed. It is estimated that the purchase, which is worth approximately $12 billion at current list prices, will be announced as soon this week as Riyadh hosts the Future Investment Initiative.

According to sources, it is not clear whether Boeing (NYSE 🙂 would also seize a significant shopping list for the new airline, which will go by the name RIA. One source familiar said that the negotiations were not over.

PIF has been in negotiations to purchase 75 jets, and another source claimed that the kingdom was considering the Boeing 787. According to reports, the airline may also require narrow-body jets.

Boeing and Airbus did not have any comment. PIF did no immediate respond to a request to comment.

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