Dammam - SaudiGulf Airlines is preparing to cancel an order for 16 Airbus A220 valued at $1.46 billion at list prices, according to sources close to the Saudi operator.
Canadian aircraft manufacturer Bombardier sold its CSeries program to Airbus last year and it was renamed as Airbus A220. The aircraft was in competition with the Airbus's A320 family jets when ordered by SaudiGulf airlines in 2014.
The current fleet of the Saudi carrier consists of six previous-generation A320s. Last November, the airline signed an order agreement for ten A320neos for the expansion of its fleet, which is valued at $1.11 billion at list prices.
SaudiGulf Airlines began its operations in 2016 and serves nine destinations from its home base Dammam.
SaudiGulf Airbus A320