Aircraft leasing firm AviLease, which is owned by the Public Investment Fund (PIF), signed a landmark agreement with Boeing, which includes an order for up to 30 Boeing 737 MAX jets.
This will be the first direct purchase order to be placed by AviLease from plane makers.
In a statement, the company said that the deal will enable it to provide its client base of international airlines with advanced planes and high-efficiency solutions in fuel consumption.
The planes are set to be delivered within the deal subsequently through 2032.
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