09/02/2014 09:12 AST

Boeing and Saudi Arabian Airlines Holding Co. (Saudia) on Friday signed a broad collaboration agreement allowing the companies to pursue possible partnership opportunities in the areas of defense and commercial aviation that will benefit customers and generate new business in Saudi Arabia.

“We are pleased to sign this collaboration agreement with Boeing to support the transformation process Saudia is going through, and hope both Saudia and Boeing will get the anticipated commercial, economic and social benefits out of such collaboration,” said Khalid Almolhem, director general, Saudi Arabian Airlines.

Boeing and Saudia will explore areas of cooperation in pilot and aircraft maintenance training, rotorcraft support, management and leadership training and manufacturing focused on the expansion of local presence and aerospace skill development in country.

“This agreement builds on the well-established relationship between Boeing and Saudia and will enable us to enter into some exciting future business ventures,” said Jim O’Neill, president, Global Services & Support, Boeing Defense, Space & Security. “We look forward to collaborating with Saudia and expanding our training and service offerings for our customers.”

“This agreement will bring together the expertise of our companies and is aligned with our efforts to further strengthen and grow the local industry in the Kingdom,” said Ahmed Jazzar, president of Boeing Saudi Arabia.

“Boeing’s relationship with Saudia has spanned decades, and today we have come together to forge a path that will generate benefits for our companies and the people of Saudi Arabia for generations to come.”

The partnership between Saudia and Boeing began nearly 70 years ago with a gift of a DC-3 Dakota to Saudi Arabia. Boeing has a track record of working closely with its civil and defense partners in Saudi Arabia to bring innovative new technologies and cutting edge knowledge to the Kingdom.

Saudi Arabian Airlines started out in 1945 with the single twin-engine DC-3, which was given to King Abdul Aziz as a gift by US President Franklin D. Roosevelt. This was followed with the purchase of two more DC-3s, which formed the nucleus of what was to become one of the world’s largest airlines. Today Saudi Arabian Airlines operates more than 500 domestic and international flights a day with a fleet of 139 aircraft, including the latest and most advanced wide-bodied jets presently available: B747-400s, B777-200s, Airbus A320,321, 330, MD-11s, ERJ .

Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Additionally, Boeing designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems. As a major service provider to NASA, Boeing is the prime contractor for the International Space Station. The company also provides numerous military and commercial airline support services. Boeing provides products and support services to customers in 150 countries and is one of the largest US exporters in terms of sales. Headquartered in Chicago, Boeing employs more than 168,000 people across the United States and in 70 countries. Total company revenues for 2013 were $86.6 billion.


Saudi Gazette

Saudia unveils new low cost airline

18/04/2016

Saudi Arabian Airlines (Saudia), the kingdom's national carrier, has announced the launch of a new low cost service, said a report.

The new airline, which has been named Flyadeal, will se

Trade Arabia

Islamic finance aviation ‘benchmark’ set by Saudia’s mega-deal

25/06/2015

A financier behind a leasing agreement that will see Saudi national airline Saudia almost double its existing fleet - the largest deal ever signed by the carrier - has hailed the contract as a “be

Al Arabiya

IAFC in Saudia leasing deal

25/06/2015

International Airfinance Corporation (IAFC) has arranged a deal to acquire 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model to be leased to Saudi Arabian Airlines (Saudia).

Trade Arabia

Ticker Price Volume
QNBK 123.30 103,897
SABIC 100.87 2,504,855
EEC 17.29 463,643
SIPCHEM 15.72 1,068,963
PETRORABIGH 13.85 2,037,712
RJHI 67.88 1,417,807
BURUJ 34.50 110,831
Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)
KHC sells interest in Four Seasons Resort Langkawi in $90m deal

21/09/2017

Kingdom Holding Company (KHC) chaired by Prince Alwaleed bin Talal, recently announced that it has successfully sold its 90 percent interest in the Four Seasons Resort Langkawi, Malaysia to Leisure V

Arab News

TAQA controlled Oman's Sohar Aluminium gradually restarting production

21/09/2017

Oman’s Sohar Aluminium said on Wednesday it gradually restarted production on Friday after an interruption in August, and was working to return to full production as soon as possible. “Sohar Alumi

Reuters

Banque Saudi Fransi announces the Resignation of a Board Member

21/09/2017

Banque Saudi Fransi announces that BSF Board Member, Mr. Francois Jean MARION (non executive) has resigned from the Board of Directors on 20/9/2017 for personal reasons. Mr. MARION resignat

Tadawul

STC announcement regarding its mobile frequency licenses

21/09/2017

Reference to the announcement of the Saudi Telecommunications Company published on Tadawul website on 13/9/1438 H corresponding to 8/6/2017AD regarding obtaining the notification by the Communication

Tadawul

Emirates NBD most trusted lender in UAE

21/09/2017

Emirates NBD, Dubai’s biggest bank by assets, is the most trusted local lender in the UAE and has the most loyal customers, according to a survey by Brand Finance Banking.

Bank clients su

The National