| Flying Freighters to buy 6 Airbus A330-200Fs |
| BS REPORTER / Mumbai January 16, 2007 |
| Flyington Freighters, a cargo airline company promoted by Hyderabad-based publishing group Deccan Chronicle, has signed an agreement for acquiring for six A330-200F aircrafts from Airbus Industrie, the listed price for which is an estimated $1.1 billion. The initial capital outlay for the freight company estimated at $15 million, will be contributed by promoters. Flyington Freighters is the first cargo airline to order the A330-200F, which is the latest freighter from Airbus. The first aircraft will join the fleet in the second half of 2009. The company initially planned to start its cargo operations by December 2006. |
