Startup airline Riyadh Air could acquire 150 Boeing 737 MAX jets

AIRLIVE  Boeing is working on a deal to sell at least 150 737 Max jetliners to Saudi Arabian startup Riyadh Air.

Boeing is negotiating to secure its second major contract in Saudi Arabia this year, eyeing a potential sale of at least 150 737 Max jetliners to startup airline Riyadh Air, according to sources who spoke to the American news agency Bloomberg.

The new carrier, wholly owned by Saudi Arabia’s Public Investment Fund, is looking for about 300 to 400 single-aisle jets in total, the report said, citing people familiar with the matter. Airbus could also claim a part of the order, the report added.

Given the current USD 53 million market price for a Max 8, an order of 150 jets could be worth approximately USD 8 billion, as per market-value estimates

Boeing declined to comment, while Riyadh Air and PIF did not immediately respond to Reuters requests for comment.

Boeing previously won another order by state-owned airline Saudia and Riyadh Air for a combined 78 Boeing 787 Dreamliners, the fifth-largest commercial order by value in the plane maker’s history.