Emirates to acquire additional A380s worth $16bn
Emirates has signed a contract for 20 additional A380 aircraft and 16 options, with the total agreement valued at $16bn, firming up the memorandum of understanding (MOU) announced in January.
In the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE 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 Mikail Houari, president at Airbus Africa and 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 programme to 178 aircraft, worth over $60bn. Emirates’ A380 fleet operates both GE and Rolls-royce engines, and the airline is evaluating engine options for its latest A380 order. Deliveries are to start as early as 2020.
Sheikh Ahmed commented: “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.”
Fabrice Brégier, Airbus president Commercial Aircraft and chief operating officer, remarked: “We thank Emirates, HH 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. This latest agreement further demonstrates the strength of our valued partnership with Emirates in support of their impressive growth.”