Wednesday , October 17 2018

Wataniya Airways signs contract to buy 25 Airbus planes costing $2.8b

Delivery to start from 2020

KUWAIT CITY, July 18: In the biggest aviation deal ever in the private sector of the Kuwaiti market, Wataniya Airways signed contracts worth a total of $3.75 billion recently to buy 45 new passenger planes, reports Al-Anba daily quoting an informed source. He explained that Wataniya Airways Monday signed a contract to buy 25 Airbus planes worth $2.8 billion.

The delivery of these planes will start from 2020. The company Tuesday signed another contract worth just under $1 billion with Golden Falcon Aviation to buy 20 Embraer 195-E2 aircraft, which are the latest long-haul medium density passenger planes in the world and will be used along the Wataniya Airways fleet. The first Embraer aircraft will be delivered in 2019.

Wataniya Airways and its subsidiaries and associates have signed mega financing contracts for these deals with French and Brazilian governmental banks.

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