Market Analysis

Saudi Fund eyes Boeing, Airbus jets for new cargo airline, Bloomberg News reports

Amos · 20 Aug 2024936 Views

Saudi Arabia's Public Investment Fund is in talks to procure jets from Boeing 777 (BA.N), and Airbus 350 (AIR.PA), for a new cargo airline, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The cargo-hauling operation would serve flag-carrier Saudia and startup Riyadh Air, the report said.

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