https://www.wsj.com/articles/saudi-sovereign-wealth-fund-close-to-deal-for-boeing-jets-943c1377
Saudi Arabia’s Public Investment Fund is close to a deal for a large number of Boeing Co. BA 0.91%increase; green up pointing triangle commercial jets that will serve in the fleet of a new national airline, people familiar with the matter said.
The Saudi sovereign wealth fund is expected to announce the deal as soon as Sunday during an official launch of the airline, according to some of the people.
The Boeing aircraft order is valued at $35 billion, some of the people said. People with knowledge of the agreement said the mix is expected to include wide-body jets often used in long-haul international flying. Deals for new aircraft can fall apart even in their later stages.
The aircraft order is expected to create close to 100,000 jobs in the United States, according to some of the people involved in the deal.
