Home / Travel / Tourism/ Emirates firms up orders for 36 A380s worth $ 16 billion

Emirates firms up orders for 36 A380s worth $ 16 billion


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 13 February 2018 00:00


Emirates firms up its latest order for 36 additional Airbus A380 aircraft worth $ 16 billion. Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group signed the agreement with Mikail Houari, President Airbus Africa Middle East, at the World Government Summit in Dubai, in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, ruler of the Emirate of Dubai and Edouard Philippe, Prime Minister of France.

 

Emirates, the world’s largest international airline, signed a contract for 20 additional A380 aircraft and 16 options, firming up the Memorandum of Understanding (MoU) that was announced in January. The total agreement for 36 aircraft is valued at $ 16 billion based on latest list prices. Deliveries are to start as early as 2020.

In the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and ruler of Dubai; and Edouard Philippe, Prime Minister of France, the agreement was signed on the sidelines of the World Government Summit by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group; and MikailHouari, President Airbus Africa Middle East.

During the event, Sheikh Ahmed and French Prime Minister Edouard Philippe also discussed the strong aviation ties between the UAE and France, and the expansion of air services between both countries.

Together with the airline’s 101-strong A380 fleet and its current order backlog for 41 aircraft, this new order brings Emirates’ commitment to the A380 program to 178 aircraft, worth over US$ 60 billion. Emirates’ A380 fleet operates both GE and Rolls-Royce engines, and the airline is evaluating engine options for its latest A380 order.

Sheikh Ahmed said: “This agreement underscores our commitment to the A380 programme, providing stability to the A380 production line and supporting tens of thousands of high-value jobs across the aviation supply chain. For Emirates, the A380 has been a successful aircraft for our customers, our operations, and our brand. We look forward to continue working with Airbus to further enhance the aircraft and onboard product.”

“We thank Emirates, Sheikh Ahmed, Tim Clark and Adel Al-Redha for their continued confidence in the A380, which has so successfully transformed air travel in the 21st century,” said Fabrice Brégier, Airbus President Commercial Aircraft and Chief Operating Officer. “This latest agreement further demonstrates the strength of our valued partnership with Emirates in support of their impressive growth.”

Emirates’ partnership with Airbus spans decades. Emirates is by far the largest Airbus A380 operator in the world with 101 A380s in service today. 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Relevance of brand valuation?

Thursday, 22 November 2018

Another iconic global business leader has been exposed. Greed, both personal and corporate, it seems is the root cause. This mirrors the conduct of many political leaders around the world. Is it time to have much greater checks on CEOs, may be power-


JVP and minorities: Towards a third way

Thursday, 22 November 2018

As Sri Lanka moves toward a political show down between the UNP and SLFP/SLPP traditional political rivals, there is a third force with great potential strength emerging as a decider in any final outcome, provided that force remains united. By this


Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav


Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every


Columnists More