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Virgin Atlantic signs $4.4 billion order for 12 A350s

Published 07/11/2016, 06:32 AM
Updated 07/11/2016, 06:40 AM
© Reuters. Richard Branson unveils the new SpaceShipTwo, a six-passenger two-pilot vehicle meant to ferry people into space that replaces a rocket destroyed during a test flight in October 2014, in Mojave
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FARNBOROUGH, England (Reuters) - Virgin Atlantic signed a deal to buy 12 Airbus (PA:AIR) A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet.

The airline, 51 percent-owned by its billionaire founder Richard Branson and 49 percent-owned by U.S. carrier Delta Air Lines (N:DAL), said the new aircraft would be powered by Rolls-Royce (L:RR) engines and that it would own eight of the aircraft and lease four of them.

© Reuters. Richard Branson unveils the new SpaceShipTwo, a six-passenger two-pilot vehicle meant to ferry people into space that replaces a rocket destroyed during a test flight in October 2014, in Mojave

Virgin Atlantic CEO Craig Kreeger said the airline still had options over six A380 jets and continued to consider that aircraft for its fleet in future.

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