Saudi Arabian Airlines said it had agreed to purchase eight Airbus A330s and 12 Boeing 787s

Saudi Arabian Airlines said it had agreed to purchase eight Airbus A330s and 12 Boeing 787s to replace older, less fuel-efficient aircraft. The deal is valued at $ 3.2Bn, but no schedule has been unveiled for a firm contract signature. The planes will be delivered from 2012 through 2014, said the airline’s managing director. Bloomberg (03/06)