Boeing shares climb on reports of talks for historic jet deal with Saudi Arabia’s Saudia

Boeing Co. Equities rose on Friday following reports that Saudi Arabia’s premier airline Saudia is in preliminary discussions for a landmark aircraft contract with the American jet manufacturer and Airbus SE. Saudia is in early-stage talks with the two aviation giants to acquire at least 150 single-aisle and twin-aisle aircraft, as reported by Bloomberg. The…

Read More

China’s COMAC takes on Boeing, Airbus — here’s all you need to know about Chinese planemaker

China’s state-backed aircraft maker COMAC (Commercial Aircraft Corporation of China) is accelerating its push into the global aviation market, positioning itself as a long-term competitor to industry leaders Boeing and Airbus. COMAC has made significant strides since its C919 passenger jet flew to Singapore, in what is considered to be its first trip outside China,…

Read More