Middle East Airlines to buy 10 Airbus planes for USD 1bn.

By bne IntelliNews January 10, 2013
Lebanon's flag carrier Middle East Airlines (MEA) has signed a USD 1bn contract to buy five A320neo and five A321neo aircraft to help expand its fleet and destination routes, Daily Star reported. The deal was previously arranged at the Farnborough International Air-show. The central bank of Lebanon owns 99% of MEA, which has a fleet of four A330-200s, four A321s and 10 A320s, according to chairman Mohammed El Hout. MEA is said to be seeking to buy a majority stake in Cyprus Airways.

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