Saudi Arabian Airlines signed a $300 million contract with GE Aviation Services to provide material for the CFM56-5B engines that will power the carrier’s new fleet of 50 Airbus A320s. The exclusive 10-year materials agreement covering 100 CFM56-5B engines means Saudi Arabian Airlines will use only CFM parts while maintaining these engines, which it plans to service inhouse. Saudi concurrently signed the final $300 million agreement for 22 new A320s, the purchase of which was ...

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