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24-Dec-2014 4:00 AM

Kuwait Airways announces a deal for 10 Boeing 777s as its revival continues

Analysis

After years of speculation and failed attempts to revamp its fleet, Kuwait Airways has now signed two major fleet agreements in the past 12 months. The deals mark what will hopefully be a new era for the carrier, which has been among the heaviest loss making carriers in the Middle East, reporting net losses almost every year in the past two decades.

In late Nov-2014, Kuwait Airways and Boeing announced an MoU for 10 777-300ERs, with a firm agreement due to be signed in 2015.

The order builds on the Feb-2014 order signed with Airbus for 25 aircraft - 10 A350-900s and 15 A230neos.

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