Boeing racks up 50 MAX 737 orders from Saudi Arabia worth $5.9 bln

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Boeing Co., the Chicago-based company said it has received a commitment from flyadeal, the low-cost unit of Saudi Arabian Airlines, for up to 50 737 MAX 8 jets. Flyadeal has committed to ordering 30 planes, with options for another 20, in a deal worth up to $5.9 billion at list prices.

While flyadeal has been operating Airbus SE's new A320s, the airline said it has selected the 737 MAX for the future.

The Saudi Arabian discount carrier Flyadeal said it is ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, and added it has options to add 20 more of the aircraft, which feature upgraded engines and compete with Airbus’s A320neo model.

Flyadeal, which runs its operation from Jeddah, began operations in September 2017 and serves eight destinations.

The fleet has an expansion plan which will allow it to add more domestic routes and expand into foreign markets, Saudia Director General Saleh Al-Jasser said in the statement.

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