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PeterLim007
2023-03-15

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Boeing Wins $37 Billion Order as Saudi Arabia Builds New Airline

(Bloomberg) -- Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed Bin Sal

Boeing Wins $37 Billion Order as Saudi Arabia Builds New Airline

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The jets will be fitted with General Electric Co. engines. The White House put the deal value at almost $37 billion, though big customers typically receive steep discounts.</p><p>Riyadh Air, owned by Saudia Arabia’s sovereign wealth fund, was formally announced on Sunday and will be run by former Etihad Aviation Group boss Tony Douglas. The carrier said it aims to connect more than 100 destinations around the world by 2030</p><p>The Boeing deal comes after US and Saudi officials worked to repair ties between the two countries, which hit a low last year over oil policy. The enterprise is part of the crown prince’s broader campaign to diversify the kingdom’s economy and make it less reliant on oil. Last week, the Saudis agreed to restore diplomatic ties with Iran.</p><p>The US administration estimated that the Boeing and GE components of the order mean about 1 million US jobs in 44 states across the American supply chain. That would include about 150,000 new manufacturing positions.</p><p>The agreement marks a major step in Saudi Arabia’s pledge to create a new airline alongside flag carrier Saudia. The kingdom has ambitions to turn Riyadh into a powerful business hub and compete with larger Gulf airlines for global transfer traffic. Saudia now predominantly serves Jeddah and the Hajj pilgrimage market.</p><p>Part of the plan envisions a burgeoning tourism industry in a country that until recently was largely closed off to foreign visitors.</p><p>Bloomberg News reported in October that the Saudi wealth fund was in talks with Boeing and Airbus SE regarding orders for the new airline.</p><p>For Boeing, the order is an important victory in a region that has been a major source of business for the Airbus-Boeing duopoly in the last two decades.</p><p>In Dubai, Emirates flies a wide-body-only fleet built around the Airbus A380 double-decker and the Boeing 777. Qatar and Etihad have also purchased heavily from the two plane manufacturers, turning the Gulf into a global transfer hub and increasingly a destination for sun-seeking tourists.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boeing Wins $37 Billion Order as Saudi Arabia Builds New Airline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoeing Wins $37 Billion Order as Saudi Arabia Builds New Airline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-14 21:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/boeing-wins-37-billion-order-135440591.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed Bin Salman revitalizes the country’s flag carrier and oversees the rise of a new international airline that...</p>\n\n<a href=\"https://finance.yahoo.com/news/boeing-wins-37-billion-order-135440591.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BA":"波音","BK4516":"特朗普概念","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4564":"太空概念","BK4187":"航天航空与国防","BK4551":"寇图资本持仓","BK4570":"地缘局势概念股","BK4017":"黄金","BK4585":"ETF&股票定投概念","GE":"GE航空航天"},"source_url":"https://finance.yahoo.com/news/boeing-wins-37-billion-order-135440591.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2319526883","content_text":"(Bloomberg) -- Saudi Arabia will buy 78 Boeing Co. 787 Dreamliners, as Crown Prince Mohammed Bin Salman revitalizes the country’s flag carrier and oversees the rise of a new international airline that seeks to rival Emirates and Qatar Airways.Boeing shares jumped 3.56% on the news.The new airline, called Riyadh Air, will buy 39 787-9 jets, with options for 33 more, while existing state-owned carrier Saudia will purchase 39 787 and have a top-up option for another 10, Boeing said. The jets will be fitted with General Electric Co. engines. The White House put the deal value at almost $37 billion, though big customers typically receive steep discounts.Riyadh Air, owned by Saudia Arabia’s sovereign wealth fund, was formally announced on Sunday and will be run by former Etihad Aviation Group boss Tony Douglas. The carrier said it aims to connect more than 100 destinations around the world by 2030The Boeing deal comes after US and Saudi officials worked to repair ties between the two countries, which hit a low last year over oil policy. The enterprise is part of the crown prince’s broader campaign to diversify the kingdom’s economy and make it less reliant on oil. Last week, the Saudis agreed to restore diplomatic ties with Iran.The US administration estimated that the Boeing and GE components of the order mean about 1 million US jobs in 44 states across the American supply chain. That would include about 150,000 new manufacturing positions.The agreement marks a major step in Saudi Arabia’s pledge to create a new airline alongside flag carrier Saudia. The kingdom has ambitions to turn Riyadh into a powerful business hub and compete with larger Gulf airlines for global transfer traffic. Saudia now predominantly serves Jeddah and the Hajj pilgrimage market.Part of the plan envisions a burgeoning tourism industry in a country that until recently was largely closed off to foreign visitors.Bloomberg News reported in October that the Saudi wealth fund was in talks with Boeing and Airbus SE regarding orders for the new airline.For Boeing, the order is an important victory in a region that has been a major source of business for the Airbus-Boeing duopoly in the last two decades.In Dubai, Emirates flies a wide-body-only fleet built around the Airbus A380 double-decker and the Boeing 777. 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