Virgin Atlantic signs $4.4 billion order for 12 A350s

July 11, 2016 10:34 AM

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Virgin Atlantic signs $4.4 billion order for 12 A350s

FARNBOROUGH, England Virgin Atlantic signed a deal to buy 12 Airbus (AIR.PA) A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet.

The airline, 51 percent-owned by its billionaire founder Richard Branson and 49 percent-owned by U.S. carrier Delta Air Lines (DAL.N), said the new aircraft would be powered by Rolls-Royce (RR.L) engines and that it would own eight of the aircraft and lease four of them.

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