• About
  • Advertise
  • Contact
  • Careers
  • EEO PUBLIC FILE REPORT
  • FCC Public File
  • FCC Applications
  • Privacy Policy
  • Terms of Use
Monday, March 27, 2023
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
    • Milwaukee Brewers
      • Brewers Weekly Podcast
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Weekly: The Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Creative Planning presents, Rethink Your Money with John Hagensen
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Hired! The GKB Recruitment Show
      • Money Talk, The Annex Wealth Management Show
  • Podcasts
    • WTMJ Conversations 2023: The Podcast
    • Wisconsin’s Morning News Podcast
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • Wisconsin’s Afternoon News Podcast
    • WTMJ Nights Podcast
    • Wisconsin’s Weekend Morning News Podcast
    • The Truth on WTMJ: The Podcast
    • WTMJ Conversations Podcast
    • Milwaukee Brewers
      • First Pitch
      • Brewers Weekly Podcast
      • Brewers Extra Innings Podcast
    • Milwaukee Bucks
      • Bucks Weekly: The Podcast
      • Bucks Talk: The Podcast
    • Green Bay Packers
      • Green & Gold Podcast
    • Featured Show Podcasts
      • The Fix-It Show Podcast
      • Money Talk, The Annex Wealth Management Show Podcast
      • The Accunet Mortgage and Realty Show Podcast
      • The Fox World Travel Show Podcast
      • Creative Planning presents, Rethink Your Money with John Hagensen
  • Features
    • WTMJ Cares: Polar Plunge with Vitrano for Special Olympics
    • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
    • Spectacular Scandinavia with John Mercure and Collette
    • Wagner’s Home Improvement Showcase
    • 2023 Greater Milwaukee International Car & Truck Show
    • Annex Wealth Management Webinar
    • Every Day Health
    • Sunday Sip
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
    • Milwaukee Brewers
      • Brewers Weekly Podcast
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Weekly: The Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Creative Planning presents, Rethink Your Money with John Hagensen
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Hired! The GKB Recruitment Show
      • Money Talk, The Annex Wealth Management Show
  • Podcasts
    • WTMJ Conversations 2023: The Podcast
    • Wisconsin’s Morning News Podcast
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • Wisconsin’s Afternoon News Podcast
    • WTMJ Nights Podcast
    • Wisconsin’s Weekend Morning News Podcast
    • The Truth on WTMJ: The Podcast
    • WTMJ Conversations Podcast
    • Milwaukee Brewers
      • First Pitch
      • Brewers Weekly Podcast
      • Brewers Extra Innings Podcast
    • Milwaukee Bucks
      • Bucks Weekly: The Podcast
      • Bucks Talk: The Podcast
    • Green Bay Packers
      • Green & Gold Podcast
    • Featured Show Podcasts
      • The Fix-It Show Podcast
      • Money Talk, The Annex Wealth Management Show Podcast
      • The Accunet Mortgage and Realty Show Podcast
      • The Fox World Travel Show Podcast
      • Creative Planning presents, Rethink Your Money with John Hagensen
  • Features
    • WTMJ Cares: Polar Plunge with Vitrano for Special Olympics
    • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
    • Spectacular Scandinavia with John Mercure and Collette
    • Wagner’s Home Improvement Showcase
    • 2023 Greater Milwaukee International Car & Truck Show
    • Annex Wealth Management Webinar
    • Every Day Health
    • Sunday Sip
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
No Result
View All Result

Saudi Arabia places order for up to 121 planes from Boeing

AP News by AP News
March 14, 2023
in AP Business, AP News
Reporter’s Notebook for 3/6/21
Share on FacebookShare on TwitterEmail

By DAVID KOENIG and AAMER MADHANI
Associated Press

Two Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer.

The order for Boeing 787s will be divided between Saudi Arabia’s flag carrier, Saudia, and a planned new airline called Riyadh Air, which Saudi officials introduced over the weekend.

At list prices, the combined deal would be worth about $37 billion if the options are exercised, but airlines routinely get deep discounts. Terms of the deal were not disclosed.

Relatively high oil prices have boosted Saudi Arabia’s economy and government, making it easier for the kingdom to close a multi-billion-dollar jet order.

The creation of Riyadh Air by the Saudi sovereign-wealth fund and the growth of Saudia are part of a broader Saudi strategy to diversify its oil-based economy. Saudi Arabia hopes to become a global aviation hub and attract 100 million annual visitors by 2030.

The kingdom’s neighboring states of Qatar and the United Arab Emirates have built up state-owned airlines and used their geographic location to become key connecting points for international travel.

“The ambition here in the kingdom is huge, and this today … is our first big order,” Tony Douglas, the CEO of Riyadh Air, told CNBC. “There will be more orders.”

The planes covered by the orders and options are long-range, two-aisle “widebody” jets, in the industry jargon. Boeing and Europe’s Airbus dominate the market.

“Serving the Middle East, in our view, is a very, very important and critical market for widebodies, and we like that Boeing won this one,” said Boeing CEO David Calhoun, who traveled to Riyadh for the announcement.

The Saudi deal is also a boost for the Boeing 787, which the company calls the Dreamliner. Boeing has struggled with interruptions in delivering new 787s for more than two years because of production flaws.

Shares of Boeing Co., based in Arlington, Virginia, rose more than 4% Tuesday.

Boeing had been talking to the Saudis about an order for three years, according to two senior U.S. administration officials, who spoke on condition of anonymity because the deal had not been publicly announced. The officials said President Joe Biden did not directly lobby for the order when he met Saudi Crown Prince Mohammed bin Salman last summer, but top aides made a pitch to Saudi government officials on Boeing’s behalf.

“We are particularly pleased that Boeing was able to finally conclude these deals with Saudi Arabia after years of discussions, and intensive negotiations over recent months,” said White House press secretary Karine Jean-Pierre. She called the announcement “another milestone in eight decades of cooperation between Saudi Arabia and American industry.”

The Saudi deals will support about 1 million jobs in 44 states across the U.S. supply chain, including 150,000 new manufacturing jobs, according to administration officials.

The planes will be powered by engines from General Electric Co.

The Saudi orders come as a recovery in air travel boosts demand for jets made by Boeing and Airbus.

Last month, Air India announced it had agreed to buy 220 planes from Boeing and 250 from Airbus. Both the Air India and combined Saudi Arabian order rank among Boeing’s five largest.

Boeing’s history with Saudi Arabia goes back to early 1945, when President Franklin D. Roosevelt presented Abdulaziz al Saud— the founder of modern Saudi Arabia — with a DC-3 made by Douglas Aircraft Co., one of the forerunners of current-day Boeing.

The relationship has stood through Democratic and Republican administrations ever since. President Donald Trump signed defense and commercial deals for Boeing during a 2017 trip to the kingdom. The crown prince toured a Boeing plant in the Seattle area the following year and signed a memorandum of understanding for a joint venture maintaining military aircraft in the kingdom.

___

Ellen Knickmeyer in Washington contributed to this report.

Previous Post

$2.5B in grants for EV chargers aim at underserved US areas

Next Post

Is my money safe? What you need to know about bank failures

AP News

AP News

Stay Connected

  • 22.3k Followers
  • 1k Follower
  • 679 Subscribers

Most Popular

Worker electrocuted at abandoned Milwaukee mall

Mark Kass Provides An Update On Northridge Mall

March 26, 2023
Sunday Sip

The Commercial Real Estate Show 3-26-23

March 26, 2023

Wisconsin’s Weekend Morning News 3-26-23

March 26, 2023
Reporter’s Notebook for 3/6/21

How cash bail laws are at stake on Wisconsin’s April ballot

March 26, 2023
Reporter’s Notebook for 3/6/21

Ukraine official: Putin taking Belarus as ‘nuclear hostage’

March 26, 2023
WTMJ

For more than 90 years, WTMJ-AM has been "Wisconsin's Radio Station".

Follow Us

Home

News

Weather

Traffic

Sports

Shows

Podcasts

Features

Careers

Contests

Recent News

Worker electrocuted at abandoned Milwaukee mall

Mark Kass Provides An Update On Northridge Mall

March 26, 2023
WTMJ Conversations: Dave Spano

WTMJ Conversations: Dave Spano

March 26, 2023
  • Home
  • News
  • Weather
  • Traffic
  • Sports
  • Shows
  • Podcasts
  • Features
  • Contests

© 2022 Good Karma Brands, LLC.

  • LISTEN LIVE
  • Home
  • News
    • News
    • Local News
    • Coronavirus
    • Decision Wisconsin
  • Weather
    • Weather
    • Watches and Warnings
    • Closings and Delays
    • Flight Status
  • Traffic
  • Construction Updates
  • Sports
    • Sports
    • Green Bay Packers
    • Milwaukee Brewers
    • Milwaukee Bucks
  • Shows
    • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • WTMJ Conversations
    • Featured Shows
  • Podcasts
  • Features
    • Features
    • Good Karma Give Back
    • WTMJ Roundtable
  • Contests
  • Alexa
No Result
View All Result

© 2022 Good Karma Brands, LLC.