Kuwait’s state carrier restructures Airbus order to add more jets

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEI1K0D3_L.jpg

KUWAIT CITY (Reuters) -State-owned Kuwait Airways on Monday announced it would now purchase 31 jets from Airbus instead of 28 as part of a restructured deal in which it has also reduced orders for A350-900 jets.

Chief Executive Ma’an Razoq told a press conference the restructured aircraft order, estimated to be worth $3 billion, would save the loss-making carrier a total of $200 million.

The new deal, which includes some aircraft already delivered, is for nine A320neos, six A321 neos, three A321neo-LRs, four A330-800neos, seven A330-900neos and two A350-900s.

“All jets will be delivered by the end of 2028,” Razoq said.

The original 28 jet order was for 15 A320 neos, eight A330-800neos and five A350-900s, according to Airbus’ website.

Of the original order, the airline has already taken delivery of six A320neos and two A330-800neos, the website says.

Kuwait Airways is now targeting to break even before 2026, Chairman Ali Aldokhan said.

Add Comment