Israir Airlines and Tourism ltd announced last week the signing of a MOU for the purchase of two Airbus A320s, with an option on a third, for an estimated $150 million. Israir didn't say how much it was paying for the planes. The list price for an A320 is about $66.8 million.
The company added that the two planes will join its fleet in 2010. Until the two aircraft arrive the airline will lease Airbuses, making it the first Israeli airline to operate Airbus. Airbus will provide a complete support package, including training for air and ground crews.
The 150-seat A320 built by Toulouse, France-based Airbus competes with the industry wide top-selling 737-model plane made by Boeing Co.
Boeing wasn't able to supply the 737-800 model in time for Israir because demand for the aircraft is strong.
Israir to purchase 2 Airbus A320s
25.12.06 / 00:00
•
More articles that may interest you
UK wants to renegotiate new bilateral aviation agreement
CBS: In 2005 Israel’s population grew to 7 Million
Siterman: Foreign airlines to increase number of flights to Israel by 20% this winter
World Economic Forum: Israel is one of the world's most competitive economies
OECD- Israel places seventh for growth compared to 30 of the organization members
US investigating El Al over price fixing
More news from Air Transport Section
>Korean Air Cargo flies regular freighter service to Tel Aviv/18.12.06
>Unofficial Boycott - El Al losing Millions/18.12.06
>Swiss World Cargo shipped live tiger to the biblical zoo in Jerusalem/18.12.06
>El Al locked in a dispute with Israel's powerful ultra-Orthodox community/11.12.06
>Arkia Israeli Airlines bought three Boeing 787-9/11.12.06
>El Al quarterly profit falls/04.12.06
>Israir is about to buy two Airbus A-320 jets/27.11.06
>El Al announced cancellation of 787 options/20.11.06
>El Al: additional 767-300 will join the fleet in second half of November/13.11.06
>Open sky cargo to act as cargo GSA for Alitalia/13.11.06