Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo wide-body passenger jets as it expands into fast-growing long-haul markets in Southeast Asia.

The sister airline of state-owned national carrier Saudia said it had also acquired purchase rights for a further 10 of the same planes, also known as A330-900.

The announcement at a ceremony in Toulouse confirms details reported by Reuters in January. The deal - which had previously been listed by Airbus as an unidentified buyer - is worth $1.2 billion after typical discounts, according to estimated delivery price data from UK-based consultancy Cirium Ascend.

(Reporting by Tim Hepher. Editing by Jane Merriman)