Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe's Airbus as part of strategic efforts to launch a new airline and challenge heavyweight carriers in the Gulf, industry sources said. If confirmed, the purchase by the sovereign Public Investment Fund (PIF), worth $12 billion at list prices, could be announced as early as this week when Riyadh hosts a major forum, the Future Investment Initiative (FII), the sources said. It remained unclear whether Boeing would also seize part of a substantial shopping list for the new airline, which will be named RIA, the sources said. One source familiar with the negotiations cautioned that it was "not o
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