News Agencies Feed 

Saudi carrier flyadeal inks new $5.9bn planes deal

Saudi Arabia, December 23, 2018

Saudi low-cost carrier flyadeal has committed to ordering 30 Boeing 737 MAX airplanes with options for 20 more in a deal that would be valued at up to $5.9 billion at list price.

The deal, which sees the airline switch from Airbus to Boeing planes, is subject to both sides concluding final terms and conditions and a purchase agreement, a statement said.

flyadeal, a subsidiary of Saudi Arabian Airlines, offers affordable flights within Saudi Arabia.

Over the past year, the airline has conducted an evaluation process for 50 narrowbody airplanes to support domestic growth and potential international expansion.

While flyadeal has been operating new Airbus A320s, the airline says it has selected the 737 MAX for the future.

In November, flyadeal launched new routes from Jeddah to Dammam and Qassim.

flyadeal said the new routes continue its strategy of delivering low fares across the Gulf kingdom.