Saudia signs $300m deal with GE Aviation
Saudi Arabian Airlines said yesterday it has signed a $300 million (Dh1,102m) 10-year materials agreement with GE Aviation Services.
As a part of the deal, Saudia will use parts made by CFM International, a unit of GE, in the maintenance and overhaul of its entire fleet of 100 purchased and leased CFM56-5B engines powering its Airbus A320 fleet, it said in an e-mailed statement.
The Saudi Arabian carrier recently formalised the agreement to purchase 22 aircraft with plans of leasing an additional 28 CFM56-5B-powered A320 aircraft, it said in a statement.
The airline is scheduled to receive its first aircraft in the third quarter of this year, with deliveries continuing through to late 2012.
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