Kuwait Airways increased Airbus order to 31 jets in $6bn deal restructuring an agreement reached in 2014.
Event Location
Kuwait, Kuwait
Start Time
26 February 2022, 12:00 AM
End Time
31 March 2022, 12:00 AM
Kuwait Airways announced Monday an expanded $6 billion deal with Airbus for 31 planes, restructuring an agreement reached in 2014.
Company chairman Ali Al-Dukhan said in a news conference, “We have managed to agree on a monumental restructuring that will position Kuwait Airways in a much stronger place to succeed for the next 15 years.”
The new agreement, which adds three new aircraft to the existing order of 28, includes nine Airbus A320neo, six A321neo, three A321neoLR, four A330-800neo, seven A330-900neo and two A350-900.
Al-Dukhan said the reshaped deal, aimed at giving the airline greater flexibility after the travel industry was rocked by the coronavirus pandemic, now carried a “total value of about $6 billion.”
He added: “We entered four months of serious, professional negotiations, which did get heated at times, but always maintained respect and understanding of each other’s wants and needs.”
Kuwait Airways had initially ordered 15 Airbus A320neo and 10 A350 in 2014, with delivery beginning in 2019.
Kuwait airways updates 2022
