Saudi Arabian Airlines Corporation confirms that it has concluded the evaluation process for a tender for 50 narrow body aircraft to support the further growth of its low cost subsidiary, flyadeal.
Boeing and flyadeal, reached an understanding today and announced the Middle East carrier is growing its fleet with the 737 MAX to take advantage of the airplane’s fuel efficiency, range and passenger comforts. The airline committed to ordering 30 airplanes with options for 20 more in a deal that would be valued at up to $5.9 billion at list prices.
The understanding is subject to mutually concluding final terms and conditions and a Purchase Agreement between the parties.
Director General of Saudi Arabian Airlines, His Excellency Eng. Saleh bin Nasser Al-Jasser said: “The demand for air transport services in the domestic market of the Kingdom of Saudi Arabia has grown exponentially.”
“A new brand, with a fresh identity focused on low-fares, flyadeal has brought to the market a new choice – which has been received very positively.
Continued Mr. Al-Jasser: “The low-fares airline will continue to expand rapidly, and the addition to the fleet aligns well with flyadeal’s target to grow its presence in the domestic market and cover new markets outside of Saudi Arabia.”
“flyadeal has opened up more affordable flights to millions of travelers and we are honored that the airline has chosen the 737 MAX to power its exciting expansion,” said Ihssane Mounir, Senior Vice President of Commercial Sales & Marketing for The Boeing Company. “We have supplied commercial airplanes to Saudi Arabia for more than 70 years and we look forward to finalizing this agreement and delivering advanced jetliners to flyadeal in the years ahead.”
“Saudia and flyadeal are very important customers for Boeing and we are committed to supporting the Kingdom’s National Transformation Program and Vision 2030. Boeing congratulates flyadeal on their selection of the MAX.
Source: Saudia