Saudia Group has entered into a strategic agreement with GE Aerospace (GE) to supply GEnx-1B engines for Saudia, the Kingdom of Saudi Arabia's national flag carrier. The agreement covers Saudia's 2023 order of 39 Boeing 787-9 and 787-10 aircraft and includes spare engines as well as a multi-year maintenance, repair, and overhaul (MRO) program.
GE Aerospace stated that the partnership also features capability-building initiatives delivered through Saudia Technic, the Group's maintenance and engineering arm, aimed at expanding and localizing the Kingdom's aerospace expertise through technical training and knowledge transfer.
GE Aerospace noted that it has a relationship spanning more than 40 years with the Saudi aerospace sector and continues to collaborate with Saudi partners to advance Vision 2030 by developing local talent and strengthening technical capabilities.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.