SAUDIA to Grow Long-Haul Fleet with up to 49 Boeing 787 Dreamliners

Rhea-AI Summary

Boeing (NYSE: BA) and Saudi Arabian Airlines (SAUDIA) have announced a significant agreement for the purchase of up to 49 787 Dreamliners. This includes 39 firm orders and 10 options, aimed at enhancing SAUDIA's long-haul fleet as part of a broader strategy to position Saudi Arabia as a global aviation hub. The deal represents one of Boeing's largest commercial orders, supporting Saudi Arabia's goal to serve 330 million passengers and attract 100 million visitors by 2030. The new aircraft will complement SAUDIA's existing fleet, which includes over 50 Boeing airplanes.

Positive

• SAUDIA's order for 39 787 Dreamliners enhances its long-haul fleet, promoting growth and efficiency.
• The deal aligns with Saudi Arabia's vision to become a major global aviation hub by 2030.
• This agreement is one of the largest commercial aircraft orders in Boeing's history.

Negative

• None.

RIYADH, Saudi Arabia, March 14, 2023 /PRNewswire/ -- Boeing [NYSE: BA] and Saudi Arabian Airlines (SAUDIA) today announced the national flag-carrier will grow its long-haul fleet with the selection of up to 49 787 Dreamliners. SAUDIA is set to purchase 39 787s, with a further 10 options, utilizing the outstanding efficiency, range and flexibility of the Dreamliner to sustainably grow its global operation. The agreement will include both 787-9 and 787-10 models.

This agreement is part of Saudi Arabia's wider strategic plan to transform the country into a global aviation hub. In total, Saudi Arabian carriers announced today their intent to purchase up to 121 787 Dreamliners in what will be the fifth largest commercial order by value in Boeing's history. This will support the country's goal of serving 330 million passengers and attracting 100 million visitors annually by 2030.   

"SAUDIA continues its expansion efforts in all aspects of the airline; whether it's introducing new destinations or increasing the aircraft fleet," His Excellency Engr. Ibrahim Al-Omar, Director General of SAUDIA Group. "The agreement with Boeing delivers on this commitment and the newly added aircraft will further enable SAUDIA to fulfill its strategic objective of bringing the world to the Kingdom".

SAUDIA currently operates more than 50 Boeing airplanes on its long-haul network, including the 777-300ER (Extended Range) and 787-9 and 787-10 Dreamliner. The additional 787s complement SAUDIA's existing fleet, enabling it to effectively harness the value of the 777 and 787 families.

"Adding to its 787 Dreamliner fleet will enable SAUDIA to expand its long-haul service with outstanding range, capacity and efficiency," said Stan Deal, president and CEO of Boeing Commercial Airplanes. "After more than 75 years of partnership, we are honored by SAUDIA's confidence in Boeing products and will continue to support Saudi Arabia's goal to expand sustainable air travel."

Since revenue service began in 2011, the 787 family has launched more than 350 new nonstop routes around the world, including about 50 new routes since 2020. The Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces.

This order will be posted to Boeing's Orders and Deliveries website when finalized.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact
Nadine Fanous
+971 56 422 9051
nadine.fanous@boeing.com

Boeing Media Relations
media@boeing.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/saudia-to-grow-long-haul-fleet-with-up-to-49-boeing-787-dreamliners-301771504.html

SOURCE Boeing

FAQ

What did Boeing and SAUDIA announce on March 14, 2023?

On March 14, 2023, Boeing and Saudi Arabian Airlines announced an agreement for the purchase of up to 49 787 Dreamliners.

How many 787 Dreamliners is SAUDIA purchasing?

SAUDIA is set to purchase 39 787 Dreamliners, with an additional 10 options.

What is the significance of this order for Boeing?

This order is part of one of the largest commercial aircraft orders in Boeing's history, supporting its strategic growth.

What are Saudi Arabia's goals related to this aircraft order?

Saudi Arabia aims to serve 330 million passengers and attract 100 million visitors annually by 2030.