Dienstag, 8. Juni 2010

Emirates places record $11bn order for Airbus A380s - telegraph.co.uk/finance


Emirates airlines has ordered 32 Airbus A380 superjumbo jets, in what the manufacturer said was the world's most expensive order of commercial aircraft.


Published: 2:49PM BST 08 Jun 2010
Sheikh Ahmed bin Saeed Al Maktoum, German Chancellor Angela Merkel and Airbus chief executive Tom Enders at the opening of the Berlin Air Show Photo: AP

Emirates's order, announced a the opening of the Berlin Air Show, would be worth just over $11bn at a list price of $346.5m per plane – although airlines typically receive discounts for large orders.

It brings the Dubai airline's total A380 order to 90 planes, all for delivery by 2017.

"Our latest commitment signals Emirates' confidence in growth to come," Sheikh Ahmed Bin Saeed Al Maktoum, chief executive, said at a press conference.

The scale of the order surprised Emirates' competitors.

"It is already to many of us a miracle that Emirates now already has more seats on intercontinental routes than Air France and BA together with a relatively small home market," Wolfgang Mayrhuber, Lufthansa chief executive, said in a briefing at the International Air Transport Association's (IATA) annual meeting.

"One must assume that this is not an investment for the UAE, but it is an investment for the world."

Emirates, which started in 1985 with two planes, has grown to rival the likes of Qantas and Singapore Airlines for traffic between Europe and east Asia and is expected to earn $1.16 billion in 2010.

Airbus sales chief John Leahy, who had previously forecast 20 A380 orders this year, said more orders were still possible.

It came as Airbus parent EADS showed off the capabilities of its embattled A400M military transporter plane and as it faces a dispute with German military bosses over problems with two of its new helicopters.

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