Airbus says Kuwait Airways in tentative deal to buy 25 jets

Mon Dec 9, 2013 6:07am EST
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PARIS (Reuters) - Airbus confirmed on Monday that Kuwait Airways had signed a provisional agreement to buy 25 new aircraft in the biggest overhaul of its fleet since the 1990 Iraqi invasion.

The Kuwaiti flag carrier plans to buy 10 A350-900 and 15 medium-haul A320neo jets, Airbus said in a statement.

The deal, worth $4.4 billion at list prices, follows a year of negotiations since the Gulf Arab state won a $500 million settlement from Iraqi Airways to end a two-decade dispute over damage caused when Iraqi forces seized aircraft and parts.

(Reporting by Brian Love, Tim Hepher)

An Airbus A350-900, a mid-sized, long-haul aircraft, is seen in this computer generated handout image released by Airbus Industries on October 7, 2005.