Hawaiian Air in 24 jet, $4.4bn deal with Airbus

29 November 2007

Hawaiian Airlines will upgrade its fleet with as many as 24 new Airbus wide-body jets over the next 15 years, investing up to $4.4 billion to acquire the new jets. The investment is worth more than five times Hawaiian''s assets of $877 million.

Hawaiian also said that the deal with Airbus and engine maker Rolls-Royce includes an option to lease additional aircraft from Airbus that it could put into service as early as 2009.

Under a memorandum of understanding with Airbus and Rolls Royce, Hawaiian said it would acquire six wide-body Airbus A330-200 aircraft and six extra-wide-body A350XWB-800 jets.