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

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.