Latest Aviation News Civil aerospace FRENCH PM OVERSEES MAJOR AIRBUS DEAL SIGNED IN DUBAI

French PM oversees major Airbus deal signed in Dubai

AFP
12/02/2018 | 258 words

French Prime Minister Edouard Philippe on Sunday hailed the signing in Dubai of a $16 billion purchase by Emirates Airlines of the Airbus A380 superjumbo commercial airliner.

"This is obviously excellent news for the French aerospace industry and for the European industry as a whole, as it allows Airbus to consider continuing production of the A380," the visiting premier told reporters on the sidelines of the World Government Summit.

The deal was signed by Sheikh Ahmed bin Saeed Al Maktoum, the Emirates chairman and CEO of Emirates, and Mikhail Houari, president of Airbus Middle East.

In December, Emirates agreed to buy 20 of the double-decker aircraft with an optional 16 more, just days after the European manufacturer said it would have to halt production if no new orders were received.

The economics of the 853-seat, four-engine A380 have proved daunting, with airlines having to operate every flight at full capacity in order to make a profit.

The Emirates order was in question after the November Dubai Airshow, when the UAE airline inked a deal with competitor Boeing to buy 40 Dreamliners for more than $15 billion.

Sunday's closing of the deal represents a lifeline for Airbus.

A major transcontinental air routes transit hub, Dubai is one of several Gulf-based airports to have experienced prodigious growth in recent years.

Dubai airport was the world's busiest for international passengers in 2017 for the fourth year running, with 88.2 million travellers.

 
 
 
Related articles

Airbus fetes first flight of its new 'whale in the sky'

AirAsia announces $30bn deal for 100 Airbus planes

Airbus strikes deals in China, India amid Brexit concerns

Airbus sticking to delivery targets despite engine delays

25/07 Ryanair threatens to cut jobs as strikes ground flights
25/07 Airlines lodge EU complaint over French strikes
19/07 AFI KLM E&M steps up a gear on CFM's LEAP
19/07 Sabena technics finally gets back on-board C-130Hs
19/07 Airbus fetes first flight of its new 'whale in the sky'
19/07 AirAsia announces $30bn deal for 100 Airbus planes
Featured Content
How Thai Airways will Expand Rolls-Royce's Trent Engine Service Network
China embarks on board aircraft recycling
AMAC Aerospace makes even more of a mark on the worldwide MRO and VVIP completion stage
Daher uncovers data mining with Me&MyTBM
Christophe Bénaroya: the Toulouse Business School Aerospace MBA will be remodelled
LATEST NEWS   CIVIL AEROSPACE   MRO & SUPPORT   AIR TRANSPORT   DEFENCE   SPACE
Follow us
© 2018 Le Journal de l'Aviation - All rights reserved

By continuing to use the site, you agree to the use of cookies. You can find out more by following this link.  OK  Find out more