Airbus has signed a Memorandum of Understanding (MoU) with Jazeera Airways, the Kuwait-based carrier, for twenty A320neos, eight A321neos and 5 further options. The deal is valued in excess of at $3.3 bn at list prices – the actual deal remains confidential.
The MoU was signed by Rohit Ramachandran, Jazeera Airways Chief Executive Officer and Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International.
Marwan Boodai, Chairman Jazeera Airways said, “Jazeera Airways is pleased to extend its long-term relationship with Airbus further with this significant new order. We will effectively double our current fleet size to 35 aircraft by 2026. The airline has pulled out of the pandemic strongly in Q3 with a return to profitability. We have exciting expansion plans ahead, which will further boost our contribution to the Kuwait economy and in particular the travel sector.”
“We are proud to extend our partnership with Jazeera Airways through this latest agreement which will add an additional 28 Airbus aircraft to its all Airbus fleet”, said Christian Scherer, Airbus Chief Commercial Officer, and Head of Airbus International. “The A320neo Family is without doubt the best platform to support Jazeera Airways’ growth plans. This is the perfect illustration of how Airbus helps escort the growth of its successful customers.”
Rohit Ramachandran, CEO Jazeera Airways added, “By taking both A320neo and A321neo versions we will have great flexibility to extend our network to medium and longer haul destinations from Kuwait, offering passengers more choice to travel and enjoy popular destinations as much as underserved ones”
Jazeera Airways commenced operations in 2005 and has since emerged as a leading carrier in the region. It is operating regionally and internationally serving Middle East, Europe and Asia’s top destinations from its home base Kuwait. The Kuwaiti airline supports the country’s 2035 vision to further economic expansion and transformation into a commercial hub.
The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver 20% in fuel savings and CO2 reduction compared to previous generation Airbus aircraft. The A320neo Family has received more than 7,400 orders from over 120 customers.