Saudia Group announced a strategic agreement with GE Aerospace (GE) to equip Saudia with GEnx-1B engines for its 2023 order of 39 Boeing 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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GE:
- Ford, Coca-Cola, GE, Eli Lilly, Energy Transfer: Insider Moves Unveiled!
- UPS Stock Dives as Fatal Crash Investigation Points Finger at ‘Fatigue Cracks’
- GE Aerospace’s GEnx-1B engines selected to power 787 Dreamliners by Saudi Group
- Honeywell Stock Forecast Gets Slashed Drastically by Bank of America Analyst. Here’s Why
- GE Aerospace initiated with an Underperform at BNP Paribas Exane