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Boeing loses order to Airbus

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Saudi Arabia's low-cost airline Flyadeal has terminated a Boeing order in favor of one with rival Airbus.

Flyadeal had planned to buy 50 737 Max jets, but now it agreed to purchase 50 Airbus A320neo narrow-body jets.

It's the latest blow to Boeing in the wake of two fatal crashes related to the 737 Max jets.

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