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Saudi airline Flyadeal drops $9 billion Boeing 737 Max order

Christian Fernsby |
Saudi Arabian airline Flyadeal reversed its plans to buy 50 of the 737 Max jets, announcing that it will order up to 50 planes from Airbus' A320neo family.

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It said its parent company, Saudi Arabian Airlines Corporation, made the deal at the Paris Air Show in June, and that the allocation of the planes to Flyadeal will mean that the airline has an all-Airbus fleet.

A Boeing spokesperson told CNN that it wishes "the Flyadeal team well as it builds out its operations."

"Our team continues to focus on safely returning the 737 Max to service and resuming deliveries of Max aeroplanes."

Flyadeal's order cancellation is not the first for the 737 Max since the crashes. Indonesian airline Garuda has also cancelled an order for billions worth of Max planes, saying that its customers have "lost confidence to fly" in the plane.

Many airlines have dealt with the crisis by looking for some form of compensation from Boeing.

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