Informed sources said that the Saudi Public Investment Fund is conducting advanced negotiations to order nearly 40 (A350) aircraft from “Airbus” at a value of 12 billion US dollars as part of the strategic efforts to launch a new airline and challenge heavyweight airlines in the Gulf. The Public Investment Fund was negotiating the purchase of about 75 aircraft. Another source said the kingdom is leaning toward a Boeing 78. The supplier selection is widely seen as politically charged as the Saudi fair is taking place amid heightened tensions between Washington and Riyadh.
Saudi Arabia buys planes from Boeing or Airbus
