Airbus Said to Win Saudia Order for 50 Jets Worth $7.7 Billion

Airbus Group SE is negotiating an order for about 50 single-aisle and wide-body aircraft from Saudi Arabian Airlines to be announced at the Paris Air Show as early as Monday, people familiar with the talks said.

Saudia, as the airline is known, is looking at Airbus A330 long-range as well A320 narrow-body planes, said the people, who asked not be identified as talks continue.

Spokespeople at Airbus declined to comment, while officials at Saudia couldn’t be reached for comment. Reuters reported earlier that the European planemaker is in talks about a deal that could include 30 A320neo planes and up to 20 A330s, citing unidentified people familiar with the discussions.

The order, which is still being negotiated, would be valued at about $7.7 billion at list price. Customers typically get discounts on plane orders.

Airbus is selling the aircraft to the Alif Fund, a Shariah-compliant plane-leasing fund that the European planemaker helped set up, and Alif will will lease them to Saudia, one of the people said.

For more on the 2015 Paris Air Show, go here: Special Report

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