UAE’s Air Arabia confirms options for five Airbus A320s

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DUBAI, Nov 23 (Reuters) – Budget carrier Air Arabia , the United Arab Emirates’ only publicly-listed airline, said on Wednesday it has confirmed options for five Airbus A320 jets.

The additional aircraft, valued at $485 million at list prices, will enter into service from the second quarter of 2017, Air Arabia said in statement. It is common for airlines to receive discounts on aircraft orders.

The options were part of a 2007 firm order for 44 A320s. The delivery of the original contract of the 44 firm orders and 5 options will be completed in 2017.

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