Emirates announces $16-B deal for 36 A380s

Airbus had said if a deal did not materialise it could bring an end to A380 production

At a ceremony in the airline's headquarters in Dubai, Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates, said: "The A380 has been a success for Emirates".

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

The planned purchase, which entails deliveries over the next eight years, comes after the European Aerospace giant overtook Boeing last year in terms of aircraft orders, booking 1,109 against the United States company's 718.

Dubai carrier Emirates has announced an order for 36 Airbus A380s worth $16bn at list prices days after the manufacturer warned it could scrap the programme.

Thursday's deal brings Emirates' total commitment to the A380 program up to 178 aircraft and a total value of $60 billion.

Emirates' move raised speculations among aviation experts about a possible end of the production of the European "double-decker" plane.

Bob Dole to receive Congressional Gold Medal in bipartisan ceremony
He won the nomination in 1996, losing the election to President Bill Clinton. Dole was elected to the Kansas House in 1950, to the U.S.

Trump Accuses Russia of Helping N.Korea Evade Sanctions
Instead Trump named the leaders of surrounding Asian countries, including Japan, China, and North Korea - despite being prompted by the interviewer.

Beware! An iMessage Bug Can Crash iOS with a Single Text Message
The vulnerability is similar to a bug called Effective Power which was first reported in May 2015. It adds that just receiving the message is good enough to cause a crash.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said: "Emirates truly represents Dubai's spirit of growth, innovation and resilience".

The A380 program has been struggling due to a lack of interest by major airlines who are anxious about the cost of operating such a large aircraft.

Emirates' A380 fleet operates both Engine Alliance and Rolls-Royce engines. Production of the aircraft has dwindled at Airbus facilities as Leahy and his team struggled to find new customers.

Thursday's order will keep the A380 program afloat for the next decade.

Already by far the biggest A380 customer, Emirates had repeatedly stalled on the follow-on deal, putting the future of the double-decker in doubt after it failed to win any new orders for two years.

Emirates started operating the A380 in 2008 and received its 100th model in November - out of 222 delivered to 13 airlines to date. "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". Airbus last week said that with a rush of December sales it had taken orders for 1,109 planes in total in 2017, again outstripping Boeing's 912 orders.

Related News:

  • Bring petroleum products, realty under GST

    Bring petroleum products, realty under GST

    The council is expected to deliberate on the collections so far ahead of the Union Budget and respective state budgets. The Council will consider as many as 70 changes on the recommendation of the law review committee.
    Muguruza, Konta ousted from Australian Open

    Muguruza, Konta ousted from Australian Open

    That left only Sharapova, Kerber and French Open champion Jelena Ostapenko as Grand Slam winners in the women's draw. American Sam Querrey lost his second-round match 6-4, 7-6 (6), 4-6, 6-2 to 80th-ranked Marton Fucsovics.
    Clean energy investment rose to $333.5B in 2017

    Clean energy investment rose to $333.5B in 2017

    Of those five, only Russian Federation did not make the list of countries investing at least $1 billion in clean energy in 2017. Justin Wu, head of Asia-Pacific for BNEF , said, "China installed about 20GW more solar capacity in 2017 than we forecast".
  • Kawhi Leonard Out Indefnitely As Struggles With Quad Injury Continue

    Leonard is no longer with the team on this current road trip. "It's bad", Popovich noted. And it's tough to get a rhythm and get a flow to the game for sure.
    Indiana Senate panel votes against expanded cold beer…

    Indiana Senate panel votes against expanded cold beer…

    Ricker said he offered a number of concessions to lawmakers and liquor store owners. That set him up to sell carryout cold beer - until lawmakers intervened.
    Retired army general who led coup against Mugabe now Zimbabwe's vice president

    Retired army general who led coup against Mugabe now Zimbabwe's vice president

    Kembo Mohadi, a veteran politician and long-serving state security minister, was also sworn in on Thursday as a vice president. In November, he led a "coup" which forced 93-year-old former President Robert Mugabe to resign.
  • Market Scan: Following Shares of Enlink Midstream Llc (ENLC)

    Market Scan: Following Shares of Enlink Midstream Llc (ENLC)

    BidaskClub downgraded EnLink Midstream from a sell rating to a strong sell rating in a report on Saturday, October 7th. Moreover, Inv Centers Of America has 0.03% invested in Magellan Midstream Partners , L.P. (NYSE:MMP) for 6,537 shares.
    $1.2M in wine bottles stolen from Hamptons collector

    $1.2M in wine bottles stolen from Hamptons collector

    On Tuesday, he was taken into custody in Los Angeles and a federal court has ordered he be transported to NY to face charges. De-Meyer was an employee of Solomon's household, not the bank.
    Japan broadcaster mistakenly flashes missile alert

    Japan broadcaster mistakenly flashes missile alert

    Kenneth Hara on Monday to run and review the emergency system. "It turned out to be a false alarm, thank God for that". The meeting came after Hawaii on Saturday mistakenly issued an alert that a missile was inbound to Hawaii .
  • Deadpool Greets Golden Girl Betty White A Happy Birthday

    Deadpool Greets Golden Girl Betty White A Happy Birthday

    A Hollywood legend is getting another candle on her birthday cake. "Happy Birthday to the one and only [Betty White]". In 2012, White put back on her hosting shoes when she hosted her own show, Betty White's Off Their Rockers.
    Delta Air Lines, Inc. (DAL) Given Consensus Recommendation of

    Delta Air Lines, Inc. (DAL) Given Consensus Recommendation of "Buy" by Brokerages

    The 14-day RSI is now sitting at 69.64, the 7-day is at 73.52, and the 3-day is spotted at 79.79 for Delta Air Lines Inc ( DAL ). It is positive, as 56 investors sold C shares while 400 reduced holdings. 30 funds opened positions while 69 raised stakes.
    Man City could let points lead slip, warns Man United's Phil Jones

    Man City could let points lead slip, warns Man United's Phil Jones

    Nicolas Otamendi has agreed a new contract extension at Manchester City , keeping him at the club until 2022. I am learning every day under Pep and enjoying my football and I feel I can still improve as a player .


Most liked

Australian Open: Gregor Dimitrov wins EPIC five-set clash with Mackenzie McDonald
Ukrainian Svitolina will next face 15-year-old compatriot Marta Kostyuk, who beat Australian wildcard Olivia Rogowska 6-3 7-5. Wozniacki won the next nine points, and 24 of the 31 points played from when she first faced match point.

Uber to introduce limit on drivers' hours
As part of the new regulation, Uber licensed drivers must take an uninterrupted six-hour break after a 10 hours of driving. Uber is appealing that decision and will have a major impact on how the company operates in Europe.

Konta crashes out in shock Aus Open defeat to lucky loser
But Konta, usually so solid, was still missing routine groundstrokes and she was immediately broken again. With a third-round cheque of AU$142,500 (US$113,500) now assured, she should have even more options.

United Kingdom to deploy Chinook helicopters to help France tackle Islamists in Africa
The government hopes the cash will help provide 320,000 people with emergency food and provide protection for 255,000 refugees. Macron, who is on his first official trip across the Channel, will meet May at an army base near the British capital.

Intel: Meltdown/Spectre patches also cause reboots on newer processors
Intel has recommitted to supporting customers as it addresses the Spectre and Meltdown exploits that came to light this month. In fact, many vendors are continuing to develop and distribute patches for Spectre and Meltdown.

Facebook to Continue Probe in Alleged Russian Meddling in Brexit - UK Lawmaker
Mr Collins welcomed Facebook's promise to expand their investigation and said he would "look forward to reviewing their findings". Facebook said its initial investigation found "a minimal amount" of UK-related activity.

Homeland Security Chief's Senate Testimony Was a Complete and Total Disaster
"I don't dispute that the President was using tough language; others in the room were also using tough language", Nielsen said . Tom Cotton (R-AR) and David Perdue (R-GA), released a statement on Friday saying they did not recall Trump making the remark.

US couple held after chaining their children to bed
David and Louise Turpin were then booked for torture and child endangerment with a bail set at 9 million USA dollars each. One neighbour told Sunrise that she had heard there were 12 children living inside the home but had only ever seen a few.

Joy Villa Files Complaint Against Corey Lewandowski For Alleged Assault
The singer told Politico that she half-joked to Lewandowski after the assault that she would report him for his actions. Villa rose in popularity in April when she made a decision to wear a pro-Trump dress to the 59th Annual Grammy Awards.

Fishermen dive into water at last minute before speedboat smashes into them
Durham says he's not been able to go back on a boat since the collision as a result of the psychological trauma he suffered. Still, Larsen told the Oregonian the lawsuit was uncalled for since the fishermen and woman were not that badly injured.

West Sussex hit by fresh snow and ice warning
Heavier snow showers are expected during Wednesday evening before a spell of more persistent snow in Edinburgh on Wednesday night. Temperatures are also expected to plunge across Britain, with wind chills making it feel as low as -7C in some areas of Scotland.

Trevor Ariza suspended; no discipline for Griffin
Brewer followed up her posts indicating that Paul was not involved in the covert mission to enter the opposing team's locker room. MacMahon reports Rivers called out Ariza by name to cause him to make his way toward the Clips' locker room.

I'm telling the truth, says Dylan Farrow on Woody Allen abuse claims
Dylan Farrow's remarks were aired today as a prelude to what CBS This Morning calls her first on-camera discussion of the issue. Following the resurgence of allegations against her estranged stepfather, Dylan Farrow has doubled down.

US Calls for New Bilateral Relationship With Pakistan
But both the government and the Taliban have tried to distance themselves from the Turkey meeting. He, however, emphasised that Pakistan wanted a "balance" relationship with the United States.

The Assassination of Gianni Versace episode 2: Andrew Cunanan's arrival
Versace buying the Princess Diana issue of Vanity Fair was a tiny moment, but a significant one . The Assassination of Gianni Versace: American Crime Story premiered Wednesday, January 17 on FX.