Saudi Fund eyes Boeing, Airbus jets for new cargo airline, Bloomberg News reports By Reuters

(Reuters) – Saudi Arabia’s Public Investment Fund is in talks to procure jets from Boeing (NYSE:) 777 and Airbus 350 for a new cargo airline, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The cargo-hauling operation would serve flag-carrier Saudia and startup Riyadh Air, the report said.