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Fri, Aug 06, 2004

Virgin Goes With Airbus

Places $5.5 Billion Order In Hopes Of Doubling Business In Five Years

Sir Richard Branson is in a buying mood.

The Virgin Atlantic chief says he's just ordered 26 aircraft from Airbus. The order is reportedly worth $5.5 billion.

Branson and company say it's all part of Virgin's plan to double its business within the next five years. The company says it will add 1,400 staffers, add news routes to the Caribbean (including Cuba) and Australia and expand overall capacity.

Virgin decided on Airbus A340-600s over Boeing 777s. That's in addition to the company's existing order for the behemoth A380. In May, however, Virgin decided to put off the A380 order for a year.

FMI: www.virgin-atlantic.com

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