UAE-based low-cost carrier Air Arabia has converted five options for Airbus A320s into firm orders, the airline said Nov. 23. The order, for the current A320ceo version, is worth $485 million at book value. The options are additional to the airline’s original order for 44 A320s. The new aircraft will enter service from the 2017 second half and delivery of the original contract plus the newly converted options will be completed next year. The new order marks the second expansion of ...

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