Posted inTransport

Venezuela inks deal to buy Airbus planes from UAE

State carrier says $240m deal will see it buy four used planes from the Gulf country

President Hugo Chavez did not name the UAE airline involved in the deal
President Hugo Chavez did not name the UAE airline involved in the deal

Venezuela’s state carrier will buy four used Airbus A340-500
planes for $240m from the United Arab Emirates, President Hugo Chavez said on
Sunday.

The Venezuelan leader announced the deal was with a UAE
state airline
but gave no more details during a televised meeting with cabinet
members.

He also confirmed a previously known deal for Brazilian
aircraft maker Embraer to supply up to 20 commercial planes for
government-owned carrier Conviasa to increase Caribbean routes.

“Then the long-haul planes are four Airbus
340-500 planes, which are five years old and offered by a state airline in the
United Arab Emirates for $60m each,” he said, signing approval during his
weekly “Hello, President!” program

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.