Emirates announces $16bn deal for 36 Airbus - News Summed Up

Emirates announces $16bn deal for 36 Airbus


Emirates Airlines said on Thursday it has struck a $16bn deal to buy 36 Airbus A380 super-jumbos just days after the European manufacturer said it would have to halt production without new orders. Emirates is already the world’s biggest customer for the A380 with 101 in its fleet and 41 more firm orders previously placed. Instead, Emirates inked a deal to buy 40 Boeing Dreamliners for more than $15 billion. But the economics of the A380 have proved daunting, with airlines having to fly every flight at full capacity in order to make a profit. 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.


Source: Dhaka Tribune January 18, 2018 11:15 UTC



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