US AIRWAYS SIGNS CONTRACT FOR 92 PLANES FROM AIRBUS
PARIS (AP) - US Airways Group Inc. has signed a contract to buy 92 Airbus aircraft, confirming a deal announced in June, Airbus said Friday. Financial details were not disclosed.
The contract is for 18 A350-800s, four A350-900s, 10 A330-200s, and 60 A320 family aircraft, Airbus said in a statement.
Airbus loaned US Airways about US$250
million (¤177 million) to help finance its takeover by America West, which was completed in 2005.
As part of the loan, which has since been refinanced through Citigroup Global Markets Inc. and Morgan Stanley Senior Funding Inc., US Airways agreed to buy 20 Airbus A350 planes in that year.
Airbus' A350 XWB, subject of a costly redesign after customers rejected an original version, is scheduled to enter commercial service in 2013, when it will compete with Boeing Co.'s 787.
US Airways Group, based in Tempe, Arizona, serves 240 cities, mainly in Canada and the United States.
Source - AP