BR100 Decreased By (-0.29%)
BR30 Decreased By (-0.45%)
KSE100 Decreased By (-0.2%)
KSE30 Decreased By (-0.13%)
AGHA 6.64 Decreased By ▼ -0.03 (-0.45%)
BECO 4.38 Increased By ▲ 0.03 (0.69%)
BML 55.65 Decreased By ▼ -0.52 (-0.93%)
BOP 29.97 Decreased By ▼ -0.15 (-0.5%)
CNERGY 12.82 Decreased By ▼ -0.16 (-1.23%)
CSIL 5.20 Decreased By ▼ -0.11 (-2.07%)
FCCL 51.50 Decreased By ▼ -0.15 (-0.29%)
FFL 14.44 Decreased By ▼ -0.05 (-0.35%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 6.02 Decreased By ▼ -0.04 (-0.66%)
KOSM 5.45 Decreased By ▼ -0.39 (-6.68%)
LOTCHEM 26.06 Decreased By ▼ -0.11 (-0.42%)
MLCF 90.90 Decreased By ▼ -0.33 (-0.36%)
NBP 161.50 Decreased By ▼ -2.69 (-1.64%)
NCPL 52.48 Decreased By ▼ -0.70 (-1.32%)
NPL 57.97 Decreased By ▼ -1.15 (-1.95%)
OGDC 315.00 Increased By ▲ 1.61 (0.51%)
PACE 9.67 Decreased By ▼ -0.10 (-1.02%)
PAEL 35.00 Decreased By ▼ -0.24 (-0.68%)
PIBTL 14.34 Decreased By ▼ -0.37 (-2.52%)
PPL 219.96 Decreased By ▼ -1.40 (-0.63%)
PRL 91.75 Increased By ▲ 0.53 (0.58%)
PTC 59.40 Increased By ▲ 0.21 (0.35%)
SSGC 23.20 Decreased By ▼ -0.10 (-0.43%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.49 Decreased By ▼ -0.12 (-1.58%)
TPL 21.12 Decreased By ▼ -0.91 (-4.13%)
TPLP 12.16 Decreased By ▼ -0.40 (-3.18%)
TREET 21.55 Decreased By ▼ -0.18 (-0.83%)
TRG 55.10 Decreased By ▼ -0.69 (-1.24%)
By

NEW DELHI: Saudi Arabia is set to place orders for billions of dollars of Airbus jets as the kingdom balances suppliers in its quest to match the aviation growth of Gulf neighbours, industry sources said.

Leasing company AviLease, which placed an order for 30 Boeing 737 MAX jets during a visit to the region this month by U.S. President Donald Trump, could place a comparable order for Airbus A320neo jets at next month’s Paris Airshow, they said.

The fast-growing company, which aims to be one of the world’s top lessors, is also potentially interested in Airbus A350 freighters, they added.

Barring a problem in negotiations, startup airline Riyadh Air appears poised to select the Airbus A350 over Boeing’s delayed 777X, they said.

Saudi Arabia to invest $600bn, says White House as US, KSA sign $142bn defence deal

The possible Riyadh Air A350 deal, which Bloomberg earlier reported could involve 50 jets, would also be announced at one of this year’s trade shows.

Airbus declined comment. AviLease was not immediately available.

Riyadh Air reiterated it was studying an order for large wide-body planes. “A decision will be made in the coming months,” a spokesperson added.

Comments

Comments are closed for this article.