Kuwait Airways buys 25 planes, first in 20 years
February 20, 2014 - 1:00:48 am
KUWAIT CITY: Loss-making state-owned Kuwait Airways Co signed contracts with Airbus yesterday to buy 25 planes, its first order for new aircraft in more than 20 years, the airline’s chairwoman said.
Under the deals, KAC will buy 15 A320neo and 10 A350-900 aircraft, with an option to buy 10 more — five from each category, said Rasha al-Rumi, cited by the official KUNA news agency.
Delivery is to commence in 2019. The second contract stipulates the lease of seven A320s and five A330s. They will start arriving in December and will all be delivered before next summer, said Rumi, who was appointed to the post last month.
The value of the deals was not disclosed but local media put the figure at around $4bn.
KAC, which is being readied for privatisation, and Airbus signed a memorandum of understanding in December. AFP