Saudia Group announced a strategic agreement with GE Aerospace (GE) to equip Saudia, the Kingdom of Saudi Arabia’s national flag carrier, with GEnx-1B engines for its 2023 order of 39 Boeing (BA) 787-9 and 787-10 aircraft. The agreement includes the supply of engines, a multi-year maintenance, repair, and overhaul program, and spare engines. It also encompasses a series of capability-building initiatives-delivered through Saudia Technic, the Group’s maintenance and engineering arm-designed to expand and localize the Kingdom’s aerospace expertise through technical training and knowledge transfer. GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, “We are honored to support Saudia Group’s growth and are grateful for their trust in us. The GEnx engines will provide reliability, efficiency, and durability to power the airline’s expanded widebody fleet. Our collective efforts to further develop a skilled aerospace workforce that benefits the Kingdom and the United States will support our industry for decades to come.”
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GE:
- Honeywell Stock Forecast Gets Slashed Drastically by Bank of America Analyst. Here’s Why
- GE Aerospace initiated with an Underperform at BNP Paribas Exane
- GE Aerospace, flydubai announce new order for 60 GEnx-1B engines
- GE Aerospace announces Emirates agreement for 130 GE9X engines
- Pratt & Whitney Boosts Engine Supply as Airbus Pushes to Hit Its 2025 Delivery Goal
