Kuwait Airways buys 31 Airbus planes for $6 billion

Al-Dukhan said in a press conference in Kuwait today, Monday, that “the deal will give us more flexibility than you have entrusted with Kuwait Airways,” explaining that the company will reach profitability before 2026, according to a “Sky News Arabia” correspondent.

With this, “Kuwait Airways” raised the number of aircraft that it plans to purchase from Airbus to 31 aircraft, from 28 aircraft, as was previously scheduled.

The agreement aims to add new models of different types, capacities and sizes, in line with the company’s vision in the coming years.

Al-Dukhan added that the company paid 40% of the value of the deal, and “delivery has already begun,” noting that the agreement came after careful studies of the feasibility of these economic aircraft, which would represent an unprecedented qualitative leap in achieving the company’s goals and achieving profitability.

He also clarified that the company was keen to choose planes that fit its future plans, pointing to the involvement of the “Sipuri” consultancy company to help it in the upcoming negotiations, especially since this agreement is one of the largest agreements that took place between “Kuwait Airways” and “Airbus”.

He stated that the aircraft restructuring agreement includes nine A32neo aircraft with a capacity of 134 seats, six A321neo aircraft with a capacity of 169 seats, and three A321neo-LR aircraft with a capacity of 169 seats.

He stated that the agreement also includes four A330-800neo aircraft with a capacity of 235 seats and seven A330-900neo aircraft with a capacity of 291 seats, in addition to two A350-900 aircraft with a capacity of 326 seats.

He said that the total number of aircraft in the company’s fleet will reach 31 Airbus aircraft, in addition to 10 Boeing B777 aircraft.

And he indicated that the Airbus A330-900 is the lowest cost per seat among its wide-body counterparts, as well as accommodating more than 50 additional passengers compared to the A330-800 currently in use, which contributes to generating additional revenues.

He explained that the aircraft (A321neo) and (A330neo) have proven their ability to achieve savings of 30% in operational costs when operated together, which will enable the Kuwait Airways to achieve its goals in terms of profitability and sustainability.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button