Middle East Airlines inks $1bn deal for planes
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Lebanon's Middle East Airlines-Air Liban has signed a memorandum of understanding with Airbus for five A320neo and five A321neo aircraft plus eight options.
The 10 aircraft would be worth $1.05bn at list prices.
"MEA is focused on continuing to grow and improving its profitability at the same time as offering its passengers a very luxurious service," said MEA chairman-director general, Mohamad El Hout.
The airline said in a statement that it operates one of the most modern fleets in the Middle East region with four A330-200s, four A321s and nine A320s.
The A320neo Family is a new engine option for the A320 entering into service from late 2015 and incorporates latest generation engines and large "Sharklet" wing tip devices, which together will deliver up to 15 percent in fuel savings.
Over 8,500 A320 Family aircraft have been ordered and more than 5,100 delivered to 365 customers and operators worldwide, Airbus said