"Airbus" agrees to buy titanium from Saudi Arabia as part of a plane deal

Airbus plans to acquire some of the minerals used to produce its aircraft from the Kingdom of Saudi Arabia, as part of an agreement with the Saudi National Transfer which includes breedy aircraft. The European aircraft industry signed an agreement on Wednesday to buy raw materials from Saudi Arabia worth $ $ $ $ ($ 666), most of which is titanium. The agreement also included an order from “Saudi Airlines” to purchase up to 20 aircraft for long distances. The sanctions associated with the Russian invasion of Ukraine led to problems in the appearance of “Airbus” and “Boeing” and their suppliers to raw materials such as titanium, which contributed to high prices. Aircraft manufacturing companies and airlines are also experiencing extra pressure due to the mutual customs duties imposed by President Donald Trump, and its impact on the supply chain in the aviation sector, which is already suffering from tension. Russia is a major murder for this lightweight metal, which is used to produce everything from spacecraft to ‘iPhone’ phones and luxury watches. Saudi Arabia’s aviation and tourism efforts include the new agreement for a confirmed order to purchase 10 A330 new aircraft, with the option to buy ten extra aircraft. This step is part of the Kingdom’s efforts to become a global airline and tourism center, and to improve local manufacturing in various sectors such as aviation and automotive industry. These plans include billions of dollars to a new fleet for the national carrier and the beginning “Riyadh Air”, as well as building new airports and luxury tourist resorts. This agreement is the latest indication of the growing confidence in the Airbus Air330, which has seen a new recovery thanks to the faster delivery, and the cost of its glory that works at a time when the long drive sector restored the effects of the corona’s pandemic.