Northwest reaches restructured agreements for A330s
Bankrupt Northwest Airlines said Thursday it has reached agreements with Airbus and Pratt & Whitney for the two manufacturers to continue delivery and financing of the remaining 14 A330 aircraft that the airline has on order.
Airbus has agreed to finance 10 of the 14 A330s, with Pratt & Whitney financing the other four. The aircraft are scheduled to join Northwest’s fleet during 2006 and 2007. The agreements are subject to approval by the U.S. Bankruptcy Court.
“The continued financing agreements with Airbus and Pratt & Whitney will ensure that Northwest can continue to meet customer needs by offering a wide-ranging international route system,” said Doug Steenland, Northwest’s president and chief executive officer.