The Economy

Saudi Airline Buys Eight Boeing Aircraft

Jan. 24, 2012

The deal for the eight 777-300ER (extended-range) planes was listed in Boeing's 2011 accounts but only announced late Monday.

Agence France-Presse

Saudi Arabian Airlines will buy eight Boeing planes in a deal estimated at $2.4 billion, Boeing said.

The deal for the eight 777-300ER (extended-range) planes was listed in Boeing's 2011 accounts but only announced late Monday.

"We are grateful for the confidence Saudi Arabian Airlines has placed in the 777 and in Boeing," said Jim Albaugh, president and CEO of Boeing Commercial Airplanes, in a company statement.

"We look forward to strengthening our partnership with Saudi Arabia by supporting the kingdom's goals for technology development and education."

The 777-300ER carries passengers up to 7,930 nautical miles.

Copyright Agence France-Presse, 2011

See Also:

"Viewpoint: Why Boeing's Not in Kansas Anymore"

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.