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Investing.com -- Riyadh Air, a Saudi Arabian startup airline, is in discussions with Boeing Co (NYSE:BA). and Airbus SE (OTC:EADSY) for a potential order of up to 50 additional widebody aircraft.
This move is part of the airline’s strategy to expand its fleet, as it aims to contribute to Saudi Arabia’s transformation into an aviation and tourism hub.
The airline is considering both the Airbus 350-1000 and Boeing’s 777X models, according to Bloomberg News. Riyadh Air is also eager to secure delivery slots, as they are becoming increasingly difficult to obtain.
Previously, Riyadh Air has placed orders for 60 Airbus A321neo aircraft and 39 Boeing 787s. Tony Douglas, the Chief Executive Officer of Riyadh Air, stated in January that the airline intended to place another aircraft order by the second quarter of the year, although he did not provide specific details regarding the order.
In response to journalist inquiries, Riyadh Air confirmed that it has recently issued a request for product for more widebody aircraft and that the campaign is still ongoing.
Boeing, on the other hand, stated that it is always in dialogue with potential clients about their fleet needs.
The number of aircraft in the order might vary, with potentially half of the order being classified as non-firm options, depending on what the aircraft manufacturers can offer.
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