emirates throws airbus a380 a lifeline
Last Updated : GMT 12:45:25
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 12:45:25
Emiratesvoice, emirates voice

with jumbo order

Emirates throws Airbus A380 a lifeline

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Emirates throws Airbus A380 a lifeline

Emirates Airlines
Paris - Emiratesvoice

Emirates Airlines said Thursday it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos just days after the European manufacturer said it would have to halt production without new orders.

The company said it had placed firm orders for 20 of the double-decker aircraft with options for a further 16. Deliveries are scheduled to start in 2020.Emirates is already the world's biggest customer for the A380 with 101 in its fleet and 41 more firm orders previously placed.

"This order will provide stability to the A380 production line," the airline's chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum said.

"We've made no secret of the fact that the A380 has been a success for Emirates," he said in a statement.

"Our customers love it, and we've been able to deploy it on different missions across our network, giving us flexibility in terms of range and passenger mix."

The Dubai-based airline said that with the new order it will have commitments for a total of 178 A380s worth $60 billion.

The deal was expected to be signed during the Dubai Airshow in November but was delayed without any explanation amid reports of tough negotiations.

Instead, Emirates inked a deal to buy 40 Boeing Dreamliners for more than $15 billion.

Airbus's decision in 2007 to pursue the A380, capable of packing in 853 seats, was diametrically opposed to Boeing's bet on the Dreamliner, marketed as a more efficient plane that could be used for both medium and long-distance flights.

But the economics of the four-engine A380 have proved daunting, with airlines having to operate every flight at full capacity in order to make a profit.

- 'It buys Airbus time' -

Airbus warned on Monday that it might have to end production of the A380, having booked no new orders for the plane in two years.

It said it regarded Emirates as the only airline with the capacity to place an order of the size required to keep production going.

"Quite honestly, if we can't work out a deal with Emirates there is no choice but to shut down the programme," Airbus sales director John Leahy said Monday.

The company said it needed to build at least six of the aircraft per year for the programme to remain viable.

On Thursday, Leahy seemed relieved that Airbus' strategy of staring down Emirates appeared to have paid off, saying the programme was now good to go on for at least another decade.

"This new order underscores Airbus' commitment to produce the A380 at least for another ten years. I'm personally convinced more orders will follow Emirates' example and that this great aircraft will be built well into the 2030s," Leahy said.

Airbus is hoping China will lead a revival in orders once demand for long-haul planes picks up, arguing that the plane is ideally suited for mass-market travel and for heavily congested airports.

Emirates operates a fleet of 269 wide-bodied aircraft and flies to 157 destinations.

Airbus said it has delivered 222 A380s to 13 airlines so far.

Stock market investors welcomed the news of the order, pushing Airbus shares more than two percent higher on the Paris bourse in mid-session business.

"The share price of Airbus hit a new all-time high this morning on the back of the announcement, but has since pulled back a small bit," said market analyst David Madden at CMC Markets UK.

Airbus shares closed the day with a gain of 0.7 percent to 90.40 euros in Paris.

Calling the deal "a relief for Airbus", independent commercial aviation expert John Strickland said it probably saved the A-380 programme.

"Without it, production would likely have been terminated," Strickland said.

"It is not a guarantee of financial success for the programme but buys Airbus time to go out and secure additional orders from other airlines," he said.

GMT 05:13 2018 Monday ,22 January

Airbus to get '10 years of visibility'

GMT 05:33 2018 Sunday ,14 January

Air France-KLM denies bidding

GMT 05:41 2017 Sunday ,31 December

Top Italian chef to open community kitchen

GMT 08:47 2017 Monday ,06 November

12 things you should know about Louvre

GMT 16:12 2017 Saturday ,19 August

Brief tourism impact from Spain attacks
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

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

 



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

 



Emiratesvoice, emirates voice Skincare PR Performance Full Year 2017

GMT 08:36 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Emiratesvoice, emirates voice New hunt for flight MH370 gets under way

GMT 10:28 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Emiratesvoice, emirates voice Modern colorful bedroom renovation

GMT 12:12 2017 Thursday ,21 December

Modern colorful bedroom renovation
Emiratesvoice, emirates voice Five Saudi women pilots granted GACA licences

GMT 15:04 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences
Emiratesvoice, emirates voice Turkey detains dozens more

GMT 10:11 2018 Wednesday ,24 January

Turkey detains dozens more
Emiratesvoice, emirates voice The Rake announces editorial updates

GMT 12:47 2018 Tuesday ,16 January

The Rake announces editorial updates
Emiratesvoice, emirates voice Europe brings on charm and blue skies

GMT 06:02 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Emiratesvoice, emirates voice Sophisticated Classic Dining Room Design Ideas

GMT 12:15 2017 Monday ,18 December

Sophisticated Classic Dining Room Design Ideas
Emiratesvoice, emirates voice Arab Coalition Forces kill scores of Houthi commanders

GMT 12:46 2018 Thursday ,30 August

Arab Coalition Forces kill scores of Houthi commanders
Emiratesvoice, emirates voice Amazon to open first cashierless shop

GMT 05:18 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 12:13 2017 Saturday ,07 October

Gender is new battleground in culture wars

GMT 09:13 2017 Thursday ,12 October

TRA signs MoU with Smart Dubai

GMT 10:23 2016 Monday ,14 November

Wallabies bolster squad ahead of France clash

GMT 05:53 2017 Friday ,11 August

At least 36 killed in China bus crash

GMT 08:50 2018 Wednesday ,24 January

Neil Diamond reveals Parkinson's, ends touring

GMT 08:30 2018 Thursday ,18 January

UN chief defends Iran deal after Trump demands changes

GMT 12:26 2017 Friday ,16 June

Actress Youssra reveals reason

GMT 20:15 2018 Tuesday ,09 January

ADGM and Bahrain EDB agree to collaborate on fintech

GMT 14:53 2016 Saturday ,24 September

Beijing offers more 'green' options for commuters

GMT 09:50 2017 Friday ,24 February

Actor Ahmed Zaher restored after hacking

GMT 10:58 2017 Friday ,29 December

Self-healing glass: a cracking discovery

GMT 14:19 2011 Thursday ,09 June

Senna

GMT 13:34 2017 Wednesday ,01 November

Ibrahim Mahmoud briefed ion overall situations in West D

GMT 11:24 2015 Tuesday ,15 December

Big Heart Foundation launches educational project

GMT 08:07 2017 Thursday ,10 August

Franklin strengthens to hurricane in Mexico

GMT 18:31 2011 Saturday ,20 August

Umm Al-Qura university discuss cooperation

GMT 04:33 2017 Wednesday ,22 March

Penelope to play Versace

GMT 14:13 2017 Sunday ,28 May

Buying gold? It's at a two-week high

GMT 05:41 2015 Thursday ,15 October

Guzman: Video casts new light on Mexico kingpin escape

GMT 08:02 2015 Sunday ,19 April

Mixing contemporary and classic details

GMT 08:53 2016 Wednesday ,21 December

UN to send 20 observers to east Aleppo

GMT 15:42 2017 Wednesday ,15 November

HM King receives five ambassadors' credentials
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice