Airbus signs draft deal to sell 25 aircraft to Kuwaiti airline

Key Points
  • Airbus signs draft agreement with Kuwait's Golden Falcon Aviation
  • The aircraft will be flown by the resurrected Wataniya Airways
  • The agreement is for 25 jets from the Airbus A320 neo family

The European aircraft manufacturer Airbus has announced a preliminary deal to sell 25 of its A320neo line for use by Kuwait's Wataniya Airways.

The draft agreement was signed by Airbus and Wataniya's plane supplier, Golden Falcon Aviation.

The announcement represents Airbus' first major commercial order at the Dubai Airshow. Although the contract value was not unveiled, the list price for one A320neo is approximately $108 million.

"This new order of 25 A320neo family aircraft demonstrates the confidence in our leading single-aisle aircraft,'' John Leahy, Airbus' commercial sales chief, said in a press statement Tuesday.

Wataniya Airways shut down in 2011 blaming a precarious financial situation and regional instability.

It resumed operations in July 2017 and currently operates a fleet of just two A320ceo aircraft, serving destinations in the Middle East and Europe.

Wataniya Chairman Ali Al Fouzan said Tuesday that the new aircraft from Airbus would be at the core of its revival.

Airbus' overall net orders so far this year total 313 jetliners, but deal-making for the firm has slowed behind rival Boeing.

It is reported that Airbus is still working on an imminent deal to sell more A380 superjumbo jets to Dubai's Emirates airline.

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