Virgin Atlantic invests $4.4bn for 12 Airbus planes

Virgin Atlantic and Airbus have announced the agreement on a firm order, valued at $4.4 billion, for 12 Airbus A350-1000 aircraft. The investment is part of a fleet modernisation program which will see 50 percent of Virgin Atlantic’s aircraft replaced in a six year period – creating one of the world’s youngest fleets. Of the 12 firm orders, eight will be purchased and four leased, as Virgin Atlantic continues its investment into increasing the mix of owned and leased aircraft in its fleet.