FALLOUT: Boeing Loses MAX Deal to Airbus. “Saudi airline says it will buy up to 50 Airbus jets, worth more than $5.5 billion.”

via WSJ:

Saudi Arabia’s flyadeal Sunday said it would buy up to 50 Airbus A320neo planes, the direct rival to Boeing’s MAX that has been idled globally in the wake of two crashes within less than five months.

The deal between the discount arm of flag carrier Saudi Arabian Airlines Corp., or Saudia, has a value of more than $5.5 billion, based on Airbus list prices that don’t include industry-standard discounts.

The airline, which was launched in September 2017 using Airbus A320 single-aisle planes, last December made a commitment to buy the MAX.

Ouch.

 

 

h/t SG