November 15, 2018 / 11:27 AM / a month ago

SaudiGulf Airlines signs agreement for 10 Airbus A320neo jets

The logo of Airbus is pictured at the entrance of Airbus Delivery Center in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau

DUBAI (Reuters) - Saudi Arabian airline SaudiGulf owner Al-Qahtani Aviation has signed an agreement to buy 10 Airbus (AIR.PA) A320neo family jets, Airbus said in a statement on Thursday.

The value of deal was not announced. It would be worth around $1.1 billion at list prices, though discounts are common.

The “commitment” was announced at the Bahrain International Airshow, which is taking place this week, Airbus said.

The parties did not immediately respond to questions about whether the deal was new or part of earlier Airbus announcements in which the buyer was not identified.

Reuters reported in July, citing sources, that SaudiGulf was behind an order for 10 A320neos that Airbus said during England’s Farnborough was for an undisclosed customer.

SaudiGulf President Samer Majali said the order would help the airline’s regional and international expansion.

SaudiGulf, based in the eastern Saudi Arabian city of Dammam, launched it 2016. It currently operates a fleet of six A320 jets.

Reporting by Alexander Cornwell; editing by Jason Neely

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