Market Chatter: Saudi Arabia's Sovereign Wealth Fund to Order 30 Boeing 737s

MT Newswires Live

05/13

Saudi Arabia's Public Investment Fund intends to buy 30 Boeing (BA) 737 Max jets for aircraft leasing firm AviLease, Bloomberg reported Tuesday, citing a person familiar with the matter.

The sovereign wealth fund's planned order comes as Saudi Arabia lines up deals during President Trump's visit to the Middle East this week, the report said.

AviLease is one of the companies that the fund has bankrolled amid Saudi Arabia's efforts to turn itself into a center for global trade, logistics and tourism, according to the report.

Boeing, AviLease and the Public Investment Fund didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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