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Crossair Close To $1.5 Billion Plane Deal

The Swiss airline is close to buying seventeen new aircraft...

Crossair, Europe's largest regional carrier which plans to integrate two thirds of Swissair Group's fleet, is close to completing negotiations on an order for airplanes worth $1.5 billion from Airbus, Basler Zeitung reported.
The plan to buy seventeen new jetliners from Europe's largest aircraft manufacturer, was postponed after the two day grounding of Swissair in October, the Swiss daily reported. Crossair CEO Andre Dose declined to comment on the order.
The package includes eight A-320 short- and medium-distance carriers, replacing Crossair's MD-80 fleet used for the charter business, as well as nine A-340 planes for long-haul flights, replacing the company's MD-11 aircrafts.
Crossair, which will be called Swiss Air Lines Ltd. and operate under the name ?Swiss? starting from April, reports 2001 earnings on March 26th.