Monday, May 13, 2013
Kuwait, Airbus to sign deal
Kuwait Airways will buy 25 new Airbus jets and aims to lease a further 13 to upgrade its fleet, the Kuwaiti newspaper Daily Al-Watan reported. The deal is for 10 wide-bodied A350-900 jets and 15 of the A320neo The paper placed the value at $3.1 billion. Bloomberg also wrote that the deal between Airbus SAS and the airline is close and could be signed this month, but it placed the value at $4.4 billion based on list price. Deliveries would start in 2019. (Sources: Globe and Mail, Bloomberg, 05/12/13) Gulf Coast note: Airbus broke ground last month in Mobile, Ala., on an A320 final assembly line.