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

A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington·Reuters
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(Reuters) - Saudi Arabia's Public Investment Fund is in talks to procure jets from Boeing 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.

(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Nivedita Bhattacharjee)