Kuwait-based Jazeera Air has signed an agreement to buy 28 Airbus aircraft worth $3.4 billion (1.03 billion).

The company said the 20 A320neos and eight A321neos will be used to expand and renew the company’s fleet, with delivery dates to be announced at a later date. The company also has the option to buy five more aircraft under the agreement.

It was earlier reported that the company was in talks with the Airbus at Dubai Airshow earlier this morning, and the company asked for trading on its shares on Boursa Kuwait to be suspended pending an announcement.

The statement said the deal would have no immediate impact, but was expected to have a medium and long term positive effect.

The airline reported a KWD 11.8 million profit in the third quarter of 2021, following a loss of KWD 5.59 million in the third quarter of 2020.

(Reporting by Imogen Lillywhite; editing by  seban.scaria@refinitiv.com )

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