Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Kuwait budget carrier Jazeera places 28 jet Airbus order

EconomyNov 16, 2021 04:26AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse, France, October 17, 2017. REUTERS/Regis Duvignau

By Alexander Cornwell

DUBAI (Reuters) -Kuwaiti low cost carrier Jazeera Airways placed a multi-billion dollar order with European planemaker Airbus for 28 single aisle A320neo family passenger jets on Tuesday.

The preliminary agreement for 20 A320neo and 8 A321neo aircraft was made on the third day of the Dubai Airshow, the largest in-person aerospace industry event since before the pandemic.

Jazeera Chief Executive Rohit Ramachandran told reporters the new aircraft, due to be delivered from 2026, would help reduce emissions by replacing older A320 models and also power expansion plans including in Europe and the Middle East.

"We would like to take deliveries sooner. We understand the supply chain constraints with Airbus," he said, adding that he was enthusiastic and hopeful jets would arrive sooner.

Airbus Chief Commercial Officer Christian Scherer said the planemaker would look to identify any opportunities to speed up deliveries if possible.

The order was worth $3.4 billion at list prices, Jazeera said later in a stock market filing, though its common for airlines to receive large discounts on orders.

The deal includes options to buy a further five jets.

Reuters had reported earlier on Tuesday that Jazeera was close to handing Airbus an order for A320neos at the airshow.

The order was posted after years of deliberations by the Kuwaiti airline which as recently as Nov. 1 said it was in talks with Airbus and its U.S. rival Boeing (NYSE:BA).

"We believe now we are through with what we consider to be the worst of the effects of the pandemic and we need to now be decisive," Ramachandran said.

Kuwait budget carrier Jazeera places 28 jet Airbus order
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email