flyadeal has committed to ordering 30 737MAX aircraft with options for 20 more in a deal that would be valued at up to $5.9 billion at list price.
The deal is subject to both sides concluding final terms and conditions and a purchase agreement.
flyadeal, a subsidiary of Saudi Arabian Airlines, offers affordable flights within Saudi Arabia. Over the past year, the airline has conducted an evaluation process for 50 narrowbody airplanes to support domestic growth and potential international expansion.
Director General of Saudi Arabian Airlines, His Excellency Eng. Saleh bin Nasser Al-Jasser said, "The demand for air transport services in the domestic market of the Kingdom of Saudi Arabia has grown exponentially. A new brand, with a fresh identity focused on low-fares, flyadeal has brought to the market a new choice – which has been received very positively."
Al-Jasser added: "The low-fares airline will continue to expand rapidly, and the addition to the fleet aligns well with flyadeal's target to grow its presence in the domestic market and cover new markets outside of Saudi Arabia."
flyadeal selected the 737 MAX 8 which has capacity for 189 passengers in a one-class configuration.
"flyadeal has opened up more affordable flights to millions of travelers and we are honored that the airline has chosen the 737 MAX to power its exciting expansion," said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. "We have supplied commercial airplanes to Saudi Arabia for more than 70 years and we look forward to finalizing this agreement and delivering advanced jetliners to flyadeal in the years ahead."
Based in Jeddah, flyadeal offers flights to eight domestic destinations including Riyadh, Jeddah, Dammam, Qassim, Tabuk, Gizan, Madinah and Abha.