Air France-KLM Orders 60 Airbus Jets, Retire A380s
July 30 2019 - 12:42PM
Dow Jones News
By Olivia Bugault
Air France-KLM (AF.FR) said Tuesday that its board of directors
has approved a firm order for 60 Airbus SE (AIR.FR) A220-300s and
the retirement of A380 jets from Air France fleet.
The Franco-Dutch airline said that the order of 60 narrow-body
A220-300 planes, with an additional 30 purchase options and 30
acquisition rights, aims to gradually replace Air France's A318 and
A319 fleet.
The new planes will fly on short and medium-haul routes and the
first aircraft should be delivered in September 2021, Air
France-KLM said.
The company's board of directors also agreed on the retirement
of the remaining seven A380 planes from Air France fleet by 2022,
after the phase out of its three other A380s had already been
approved previously.
"The current competitive environment limits the markets in which
the A380 can profitably operate," Air France-KLM said.
The company is studying possible replacement options of the
A380s by new generation aircraft, it said.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
July 30, 2019 12:27 ET (16:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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