United Airlines Close to Gaining Airbus Jets After Boeing Max 10 Delays

An Airbus SE A321 Neo aircraft, operated by United Airlines, in Houston, Texas.Photographer: Callaghan O'Hare/Bloomberg
An Airbus SE A321 Neo aircraft, operated by United Airlines, in Houston, Texas.Photographer: Callaghan O'Hare/Bloomberg
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United Airlines Close to Gaining Airbus Jets After Boeing Max 10 Delays

An Airbus SE A321 Neo aircraft, operated by United Airlines, in Houston, Texas.Photographer: Callaghan O'Hare/Bloomberg
An Airbus SE A321 Neo aircraft, operated by United Airlines, in Houston, Texas.Photographer: Callaghan O'Hare/Bloomberg

United Airlines Holdings Inc. is close to securing three dozen or more Airbus A321neo jets from aircraft lessors, as it looks to replace Boeing Co. 737 Max 10 orders that are at least five years behind schedule, according to people familiar with the matter, Bloomberg reported.

The carrier is in final negotiations for the planes that are due to be delivered between 2025 and 2027, the people said, asking not to be identified as the discussions are confidential. Bloomberg News first reported in January that Airbus SE was also looking for A321 production slots to woo United.

Delays in certifying Boeing’s 737 Max 10 aircraft have jeopardized growth plans at United, which was slated to be the first major customer for the plane. Converting some of those orders to Airbus would give the European planemaker a rare opportunity to undercut its chief rival.

Certification of the Max 10 keeps sliding as regulators more carefully scrutinize new Boeing aircraft entering the market and the federal government is rigorously assessing the company’s quality control.

United Chief Executive Officer Scott Kirby said earlier this week that the carrier was in the market for A321s, but cautioned that he wouldn’t overpay for aircraft just to hit a growth target and would only do a deal “where the economics work.” The airline is likely to end up with a mix of Max 9s and A321s to replace the Max 10s, he said.

Kirby also disclosed that United has told Boeing to stop building Max 10s for its fleet and switch to the smaller Max 9 until the plane-maker can secure federal certification for the 10. United has ordered 277 Max 10s, with options to buy 200 more.

“It’s impossible to say when the Max 10 is going to be certified,” he said. The carrier removed the plane from its fleet planning earlier this year. It is a major part of United’s strategy to shift to larger aircraft.

According to Bloomberg, Boeing had originally targeted beginning commercial flights for the Max 10 in 2020, but the plane’s certification has been pushed back indefinitely as Boeing addresses issues in its factory and contends with increased scrutiny from the Federal Aviation Administration and other US agencies.



$266 Mln Deal Boosts Liquidity in Saudi Housing Market

One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
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$266 Mln Deal Boosts Liquidity in Saudi Housing Market

One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)
One of the projects under the Sakani program in Saudi Arabia (Asharq Al-Awsat)

The Saudi Real Estate Refinance Company (SRC), owned by the Public Investment Fund, has signed a SAR 1 billion ($266.7 million) agreement with Bidaya Finance to buy a mortgage portfolio.
The deal is the largest of its kind, aimed at injecting liquidity into Saudi Arabia’s housing market.
The agreement, signed on Sunday, was attended by Housing Minister Majed Al-Hogail, who also chairs SRC, and Abdulaziz Al-Omair, Chairman of Bidaya Finance.
This move supports SRC’s efforts to grow the mortgage market and expand refinancing options, aligning with Vision 2030’s goal of increasing homeownership among Saudi citizens.
SRC CEO Majeed Al Abduljabbar said the deal will boost liquidity and stabilize the housing finance market, helping more Saudis own homes. He added that it builds on SRC’s plan to partner with key lenders and develop a strong secondary mortgage market.
“This agreement is a pivotal step toward achieving the strategic objectives of the Housing Program by increasing homeownership among citizens,” Abduljabbar noted.
“It also aligns with our strategy to forge strategic partnerships with leading financing institutions, fostering the development of an active secondary market for residential mortgages,” he added.
Bidaya Finance CEO Mahmoud Dahduli called the agreement a step forward in offering innovative financing solutions, enabling more citizens to achieve their housing goals and contributing to Vision 2030’s housing targets.
“This strategic collaboration with SRC reinforces our shared role in offering reliable, innovative financing solutions that empower citizens to realize their housing aspirations, aligning with the Housing Program’s goal of increasing homeownership,” Dahduli said.
Established in 2017 by the Public Investment Fund, SRC aims to make home financing more accessible by providing liquidity to lenders and supporting Saudi Arabia’s housing sector under the national transformation plan, Vision 2030.