Tuesday, December 3, 2013

KAC moves forward on deal

Kuwait Airways Co. signed a Memorandum of Understanding (MoU) with Airbus for 15 A320neo and 10 A350-900 planes, and an option on 10 more planes. The deal also calls for KAC to lease seven A320 and five A330-200s. State-owned KAC, which is being privatized, signed a letter of acceptance for the deal in May. (Sources: AFP via Economic Times, 12/03/13, Reuters, 12/02/13) Gulf Coast note: Airbus is building an A320 final assembly line in Mobile, Ala. Previous