NORWALK, Conn. -- Virgin Atlantic Airways plans to purchase five new Boeing Co. 747-400 aircraft in a transaction valued at more than $800 million.
The company said the new aircraft will be delivered direct from Boeing (BA) between March and June 2001 and will be used to increase Virgin Atlantic's route network and frequency to existing destinations.
Virgin Atlantic said it currently has 32 aircraft, 17 of them 747s, six of which are 400 series jets.
Virgin Atlantic is a unit of British entrepreneur Richard Branson's Virgin Express Holdings PLC (VIRGY). Singapore Airlines owns 49% of Virgin Atlantic.