Boeing and flyadeal have announced the Middle East carrier is growing its fleet with the 737 MAX after it committed to ordering 30 aircraft with options for 20 more in a deal that would be valued at up to $5.9 billion at list price.
The deal is subject to both sides concluding final terms and conditions and a purchase agreement.
flyadeal, a subsidiary of Saudi Arabian Airlines, offers affordable flights within Saudi Arabia. Over the past year, the airline has conducted an evaluation process for 50 narrowbody aircraft to support domestic growth and potential international expansion. While flyadeal has been operating new Airbus A320s, the airline says it has selected the 737 MAX for the future.
Saudi Arabian Airlines director general, Saleh bin Nasser Al-Jasser said: “The demand for air transport services in the domestic market of the Kingdom of Saudi Arabia has grown exponentially. A new brand, with a fresh identity focused on low-fares, flyadeal has brought to the market a new choice – which has been received very positively.”
Al-Jasser added: “The low-fares airline will continue to expand rapidly, and the addition to the fleet aligns well with flyadeal’s target to grow its presence in the domestic market and cover new markets outside of Saudi Arabia.”