Kuwait Airways signs deal to buy 25 Airbus planes

Delayed agreement also includes plan to lease 12 more aircraft from European manufacturer
A Kuwait Airways airplane lands in Beiruts international airport 07 September 2006, just after Israel lifted its punishing eight-week air blockade amid intense international efforts to underpin a UN-brokered ceasefire. A flight from Paris by national carrier Middle East Airlines was the first plane to land in Beirut, the hour Israel announced it would start to lift restrictions at precisely 6:00 pm (1500 GMT) 07 September. (AFP/Getty Images)
By Reuters
Wed 19 Feb 2014 06:49 PM

Kuwait Airways has signed a contract with planemaker Airbus to buy 25 aircraft and lease 12 others, the state news agency said on Wednesday, firming up an jet order that was announced last year.

In December, the loss-making carrier signed a provisional agreement with Airbus to buy 25 aircraft in a deal worth $4.4 billion at list prices.

The order includes 10 A350-900 and 15 medium-haul A320neo airliners.

It was delayed after a parliamentary investigation was launched this month to investigate all contracts signed by state-owned Kuwait Airways.

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