emirates throws airbus a380 a lifeline
Last Updated : GMT 05:07:50
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 05:07:50
Themuslimchronicle, themuslimchronicle

With Jumbo Order

Emirates throws Airbus A380 a lifeline

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleEmirates throws Airbus A380 a lifeline

Emirates Airline's Airbus A380 lands for the first time at Schiphol Airport.
Dubai - Muslimchronicle

The Middle East's largest airline, Emirates, announced Thursday it struck a deal with Airbus to purchase 20 A380 aircraft with the option to buy 16 more in a deal worth $16 billion, throwing a lifeline to the European-made double-decker jumbo jets.

The Dubai-based Emirates already has 101 A380s in its fleet and 41 more on order, making it the largest operator of the jumbo jet.

"This new order underscores Airbus' commitment to produce the A380 at least for another ten years," said Airbus chief salesman John Leahy.

"This order will provide stability to the A380 production line," Emirates Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said in a statement after the deal was signed in Dubai on Thursday morning.

Emirates, which is owned by the Dubai government in the United Arab Emirates, said the additional A380s will be delivered to the airliner from 2020 onwards and that some of the new A380s will be used as fleet replacements.

Airbus chief salesman John Leahy had warned only three days earlier that if the company couldn't work out a deal with Emirates, it would have to shut down the superjumbo's production line. Airbus has spent years and billions developing the double-decker jumbo jet, even as skeptics questioned whether it could generate enough demand to justify its cost and the bigger runways it requires.

An Airbus A380 has a list price of $445.6 million, but airlines and manufacturers often negotiate lower prices.

Airbus delivered just 15 of the planes last year, and aims to deliver 12 more this year.

Leahy told reporters Monday that Emirates is the only airline with the ability to commit to a minimum of six planes a year for a minimum of eight to 10 years, or what is needed to make the Airbus program viable.

"It's positive news for both sides," airline analyst John Strickland of JLS Consulting said. "The A380 is critical to Emirates' hub-and-growth strategy and equally the airline is key to Airbus' continuation of the program. It will be a great relief to Airbus to have secured this order, but they have to work aggressively to secure orders from other airlines too now."

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said the deal reflects Emirates' commitment to advancing ``Dubai's vision to grow further as a world-class destination and aviation hub.'' Dubai's main airport, where Emirates is based, is among the busiest in the world with more than 80 million travelers passing through in 2016.

Airbus tweeted news of the deal, saying it was "glad to announce" Emirates' commitment to the A380.

Shares in Airbus rose on the news of the deal, gaining 2.2 percent on the day, to 91.67 euros in Paris.

At Dubai's biennial Air Show in November, Airbus suffered an embarrassment when it was scheduled to announce it had a struck a deal with Emirates for its A380, only to see Boeing sit on the podium with the airline and sign a $15.1 billion deal.

Emirates' fleet relies solely on the Airbus 380 and the Boeing 777 for its flights.

Source: AFP

 

themuslimchronicle
themuslimchronicle

GMT 06:19 2018 Friday ,19 January

Emirates announces $16 bn deal

GMT 08:17 2017 Monday ,11 December

Dubai budget foresees $15.5 bn

GMT 09:24 2017 Monday ,13 November

Emirates orders 40 787 Dreamliners

GMT 08:09 2017 Friday ,10 November

Emirates airline profit rebounds

GMT 09:33 2017 Monday ,28 August

UK tourist arrested for trying
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emirates throws airbus a380 a lifeline emirates throws airbus a380 a lifeline

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicleSkincare PR Performance Full Year 2017

GMT 09:06 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Themuslimchronicle, themuslimchronicleEurope brings on charm and blue skies

GMT 08:37 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Themuslimchronicle, themuslimchronicleModern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Themuslimchronicle, themuslimchroniclePuigdemont candidate for Catalan president

GMT 08:25 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Themuslimchronicle, themuslimchronicleAmazon to open first cashierless shop

GMT 08:31 2018 Tuesday ,23 January

Amazon to open first cashierless shop
Themuslimchronicle, themuslimchronicleThe Rake announces editorial updates

GMT 08:20 2018 Wednesday ,17 January

The Rake announces editorial updates
Themuslimchronicle, themuslimchronicleAirbus to get '10 years of visibility'

GMT 08:39 2018 Monday ,22 January

Airbus to get '10 years of visibility'
Themuslimchronicle, themuslimchronicleFor the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Themuslimchronicle, themuslimchronicleUS Christian tourists see deep meaning

GMT 08:00 2018 Monday ,22 January

US Christian tourists see deep meaning
Themuslimchronicle, themuslimchronicleWENN appoints entertainment journalist

GMT 09:07 2018 Monday ,22 January

WENN appoints entertainment journalist

GMT 18:07 2017 Tuesday ,31 October

Growing demand for baby-face models

GMT 06:43 2018 Friday ,19 January

Police raid France's Lactalis

GMT 08:11 2017 Sunday ,31 December

Arise, Sir Ringo: Starr and Barry Gibb knighted

GMT 11:35 2017 Tuesday ,31 October

quarter of Marrakesh sees revival

GMT 08:11 2017 Thursday ,19 October

Nelly Karim reveals her Ramadan’s work

GMT 05:47 2018 Friday ,19 January

Israeli forces kill suspect in rabbi's murder

GMT 09:51 2018 Friday ,05 January

VW to build autonomous cars

GMT 15:40 2018 Monday ,01 January

Dora: Her role in new drama is surprise

GMT 12:06 2017 Friday ,04 August

Fahmy happy for participation in 'Highest Price'

GMT 12:47 2017 Saturday ,30 December

Russia sentences anti-Kremlin campaigner in absentia

GMT 07:31 2017 Tuesday ,10 October

Woman booked for driving before lifting of ban

GMT 09:48 2017 Friday ,22 December

Madrid demands the best even

GMT 07:59 2017 Saturday ,30 September

Ortiz fails drugs test, puts Wilder fight in doubt

GMT 20:54 2017 Friday ,10 November

Qadih calls for involving businesspersons

GMT 13:10 2017 Thursday ,02 November

Bank of England hikes rates for first time in a decade

GMT 06:51 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube
muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle