16:53 GMT +319 August 2019
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    Transaero airlines signs memo to buy eight A320 neo planes

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    Transaero, one of Russia's leading airlines, signed a memorandum with the European Airbus holding on Tuesday to buy eight A320 neo airplanes.

    Transaero, one of Russia's leading airlines, signed a memorandum with the European Airbus holding on Tuesday to buy eight A320 neo airplanes with a catalogue price of $729 million.

    The memorandum of understanding signed on the sidelines of the six-day MAKS-2011 air show near Moscow also provides for an option for another four A320 neo aircraft.

    Transaero's fleet has until now consisted of 55 Boeings and three Russian-made Tu-214s.

    Airbus plans to start the production of A320 neo planes with new modernized engines in spring 2016. The engine will use 15% less fuel, reduce noise and increase the maximum flight distance by 950 km. It will also make it possible to carry more weight onboard.

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