Emirates announces $12 billion order for 60 Airbus planes

28 Jul 2008

1

Hamburg, Germany: Leading global carrier, and Gulf heavyweight, Emirates, has signed a letter of intent to buy 60 more Airbus planes, its chief executive Sheikh Ahmed ibn Said al-Maktoum said here Monday. The order includes 30 A330-300 and 30 A350 XWB aircraft.

The announcement came even as the carrier took delivery of its first A380 super jumbo aircraft. The delivery of the first super jumbo for Emirates comes after a long delay, as the aircraft was originally due for delivery in October 2007.

As for the fresh orders, long-haul aircraft such as the A330 and A350 have a catalogue price of about $200 million (125 million euros), which would value the total order at about $12 billion. It is customary, though, that large orders also invite large discounts from manufacturers.

Emirates is the largest customer of the Airbus A380 with a total of 58 such aircraft on order. As for the first delivery, Emirates had announced in June that it would launch non-stop service between Dubai and New York on 1 August with delivery of this first aircraft.

This will also make it the first commercial service to the United States for the world's biggest passenger jet.

According to Emirates, the other destinations it intends to serve with its fleet of A380 super jumbos are London, Sydney and Auckland.

"A380 will represent... one of the essential pillars for Emirates' growth in the future," Sheikh Maktoum said on Saturday.

Emirates is also the fastest growing carrier in the Middle East.

Latest articles

Nanocoating to improve efficiency of fertilisers

Nanocoating to improve efficiency of fertilisers

IIT Ropar team develops mechanical device for post-surgical knee rehabilitation

IIT Ropar team develops mechanical device for post-surgical knee rehabilitation

Sebi study finds irregularities in royalty payouts by listed Indian companies

Sebi study finds irregularities in royalty payouts by listed Indian companies

Indian business should take part in large numbers in economic events held  in Russia to increase trade

Indian business should take part in large numbers in economic events held  in Russia to increase trade

IBM launches world’s fastest quantum computer, Heron2

IBM launches world’s fastest quantum computer, Heron2

Musk’s Starlink will undermine India’s strategic and technological independence, says think tank

Musk’s Starlink will undermine India’s strategic and technological independence, says think tank

India adds $27.14 bn to its FY25 trade deficit in October to take it to $164.65 bn

India adds $27.14 bn to its FY25 trade deficit in October to take it to $164.65 bn

Indian general insurance sector logs 27.53% growth in Oct. Four insurers log three digit growth

Indian general insurance  sector logs 27.53% growth in Oct. Four insurers log three digit growth

CMA CGM seeks data compliance under EU’s new import control system

CMA CGM seeks data compliance under EU’s new import control system

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers