Riyadh Air Pounces on Boeing’s China Jets

Riyadh Air is emerging as a new force in global aviation, with CEO Tony Douglas signaling that the airline is prepared to acquire Boeing (NYSE:BA) aircraft originally intended for Chinese airlines if trade tensions prevent deliveries. Boeing recently indicated during an analyst call that it may resell dozens of jets blocked by the escalating U.S.-China trade war, stressing there would be no shortage of buyers amid tight market conditions. Douglas confirmed in an interview that Riyadh…