Reports in French newspaper Le Figaro that an Airbus A380 has been purchased for private use for over $300 million by a Russian billionaire have been denied by his spokesman.

Le Figaro, said that Roman Abramovich was the buyer behind an order for an Airbus A380 VIP, which was unveiled by Airbus at the Paris Air Show in June this year.

The A380, which is due to enter service with Singapore Airlines next month, is the world's biggest airliner, capable of carrying over 800 passengers and measuring 73m in length.

The cost of the A380 is above $300 million, but Le Figaro stated that the Billionaire is said to have ordered A380 VIP, which provides for special customization and is priced much higher.

According to the Russian Daily, Kommersant, the purchase would not be out of character, as Abramovich is famous for his affection to the most extravagant possessions. He has ordered the world biggest yacht already. 

Abramovich is one of the wealthiest Russions and is the governor of Chukotka and owner of Britain's Chelsea football club.

Airbus reports 173 orders by 14 customers for the A380 and despite reported delays are stating that delivery schedules for Singapore Airlines, Emirates Airlines and Qantas are on track.