Kuwait Airways to buy 10 Boeing 777 jets
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Kuwait Airways plans to buy 10 Boeing 777 jetliners, as reported by Al Qabas yesterday. The report, citing unnamed sources, said that the KAC Board of Directors has issued a directive and is in the initial stages of discussions with Boeing. The purchase is said to be proceeding at the ‘behest of the government’ and KAC officials are expected to meet soon with Boeing officials to discuss legal and technical matters.
In a highly controversial move, KAC inked a US$4.4 billion deal to buy 25 aircraft from Airbus in February. The purchase, which included 10 A350-900 long-haul jets and 15 A320 neo aircraft – along with 12 more leased aircraft, seven A320s and five A330s – triggered outcries from various segments of Kuwait’s business elite.
Kuwait Airways chairwoman Rasha Al Roumi said at the time that the airline signed the deal without any middlemen and managed to get a 10% discount during final negotiations.
The Airbus planes are to be delivered in 2019 and 2020. The purchases are part of KAC’s fleet renewal program – the first since 1990.
Comments are closed.