Airbus confirms $4.4bn Kuwait Airways order
Kuwait, December 10, 2013
Airbus confirmed on Monday that Kuwait Airways had signed a provisional agreement to buy 25 new aircraft in the biggest overhaul of its fleet since the 1990 Iraqi invasion.
The Kuwaiti flag carrier plans to buy 10 A350-900 and 15 medium-haul A320neo jets, Airbus said in a statement.
The deal, worth $4.4 billion at list prices, follows a year of negotiations since the Gulf state won a $500 million settlement from Iraqi Airways to end a two-decade dispute over damage caused when Iraqi forces seized aircraft and parts.-Reuters