Saudi Arabia's AviLease Orders 30 Boeing 737 MAX Jets

Published 1 hours agoBA

Saudi Arabia's AviLease Orders 30 Boeing 737 MAX Jets

Saudi Arabia's AviLease, owned by the Public Investment Fund, has announced a new order for up to 30 Boeing 737 MAX jets. The deal involves a firm commitment to purchase 20 737-8 aircraft, with options for an additional 10 planes. AviLease, which operates out of Riyadh, currently manages a portfolio of 200 aircraft leased to 48 different airlines globally, as reported by Reuters.

This development occurs alongside U.S. President Donald Trump's visit to the Middle East, where Boeing CEO Kelly Ortberg is part of a U.S. delegation aiming to attract major investments. The White House has highlighted Saudi Arabia's plans to channel $600 billion into U.S. businesses, including a nearly $142 billion defense sales agreement, presenting significant opportunities for deepened economic ties.

Boeing is experiencing a notable uptick in activity, having delivered 45 commercial jets in April, which is almost double compared to the previous year and exceeds March's figures. Following these achievements, Boeing's stock saw an increase of over 2%. This rise adds to recent gains attributed to improvements in U.S.-China trade relations and other significant orders, strengthening Boeing's market position.

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Saudi Arabia's AviLease Orders 30 Boeing 737 MAX Jets

Saudi Arabia's AviLease Orders 30 Boeing 737 MAX Jets

Saudi Arabia's AviLease, owned by the Public Investment Fund, has announced a new order for up to 30 Boeing 737 MAX jets. The deal involves a firm commitment to purchase 20 737-8 aircraft, with options for an additional 10 planes. AviLease, which operates out of Riyadh, currently manages a portfolio of 200 aircraft leased to 48 different airlines globally, as reported by Reuters. This development occurs alongside U.S. President Donald Trump's visit to the Middle East, where Boeing CEO Kelly Ortberg is part of a U.S. delegation aiming to attract major investments. The White House has highlighted Saudi Arabia's plans to channel $600 billion into U.S. businesses, including a nearly $142 billion defense sales agreement, presenting significant opportunities for deepened economic ties. Boeing is experiencing a notable uptick in activity, having delivered 45 commercial jets in April, which is almost double compared to the previous year and exceeds March's figures. Following these achievements, Boeing's stock saw an increase of over 2%. This rise adds to recent gains attributed to improvements in U.S.-China trade relations and other significant orders, strengthening Boeing's market position.