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UPDATE: ‘Boeing Expected To Sell About 80 Dreamliners In Saudi Airline Deal’ – WSJ

https://www.wsj.com/articles/boeing-expected-to-sell-about-80-dreamliners-in-saudi-airline-deal-4905921e?mod=newsviewer_click</

https://www.wsj.com/articles/boeing-expected-to-sell-about-80-dreamliners-in-saudi-airline-deal-4905921e?mod=newsviewer_click

Two Saudi Arabian airlines are nearing a deal to buy a total of about 80 Boeing Co. 787 Dreamliners with options for some 40 more, people familiar with the matter said, another significant order for the American aircraft manufacturer.

Riyadh Air, a new airline launched by the Saudi sovereign-wealth fund over the weekend, is expected to commit to purchasing 39 of the wide-body jets, while existing carrier Saudia is expected to buy the same number of jets, these people said. 

The agreement, which is expected to be announced as early as Tuesday, is expected to come with options to buy about 40 additional Dreamliners among the airlines, these people said. 

The Wall Street Journal over the weekend reported that the Boeing aircraft order was valued at about $35 billion, according to people familiar with the matter. It couldn’t be immediately determined whether that included the typically steep discounts aircraft makers give their customers, or whether that figure included the jets for Saudia too.

Terms of aircraft deals can change up until they are final and can fall apart in their later stages. 

If completed, the Saudi-Boeing aircraft deal would be the latest in a string of sizable orders for the U.S. plane maker. In December, United Airlines Holdings Inc., the Chicago-based carrier, said it would buy 100 Dreamliners as part of a deal that included orders for the manufacturer’s smaller 737 MAX narrow-body jets. 

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