Saudi Arabia Strikes $Tens of Billions in Record-Breaking Plane Deal

The Wall Street Journal reported that today, Sunday, Saudi Arabia will strike a $35 billion deal to buy Boeing commercial jets for a new state-owned airline.

The newspaper, citing informed sources, wrote that the Saudi Arabian Public Investment Fund was going to conclude a deal with Boeing to buy commercial aircraft for the new state-owned airline.

The deal could be announced as early as Sunday, the Wall Street Journal reports.

It is noteworthy that the Airbus company also submitted its bids for the procurement tender, and therefore it is possible that the course of the agreement will change even in its last moments, the newspaper writes.

Source: News

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