NYTimes.com Article: Airbus Is Financing Deal

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Airbus Is Financing Deal

February 21, 2002

By REUTERS




LONDON, Feb. 20 (Reuters) - Airbus, the European aircraft
maker, has arranged more than $1 billion in financing for
Virgin Atlantic Airways of Britain to preserve a
longstanding order for a new line of jets.

A spokesman for Virgin Atlantic said today that the 10
A340-600 aircraft would be acquired under an operating
lease through Airbus. Airbus is cutting the price, the
airline spokesman said, but Airbus disputed that, saying
the price was unchanged. The catalog value of the planes
would total about $1.9 billion, but buyers routinely get
discounts.

http://www.nytimes.com/2002/02/21/business/21VIRG.html?ex=1015328126&ei=1&en=cfb6bdc1b1bfe40c



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