Air Madrid start-up to lease Airbus aircraft

Spanish long-haul start-up Air Madrid is to lease up to five Airbus A330s and A340s from International Lease Finance, having selected the types over the Boeing 777. Two A330-200s will be delivered in May next year for initial operations to Caribbean and South American destinations, with a third -200 or -300 following in 2005. An A340-300 will also be introduced in 2005, with either a -300 or -600 in 2006.

Source: Flight International