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The Wall Street Journal: Saudi order for Boeing 737 Max planes goes instead to archrival Airbus’s A320neo

Boeing Co. Sunday lost a deal for 737 Max jetliners in one of the first tangible signs the crisis around the plane could shift business to European rival Airbus SE.

Saudi Arabia’s flyadeal Sunday said it would buy up to 50 Airbus A320neo planes, the direct rival to Boeing’s BA, +0.39% Max, which has been idled globally in the wake of two crashes within five months.

The deal between the discount arm of flag carrier Saudi Arabian Airlines Corp., or Saudia, has a value of more than $5.5 billion, based on Airbus EADSY, -1.30% list prices that don’t include industry-standard discounts.

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