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Emirates orders more A380 superjumbo Airbus planes

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PARIS (AP) - Emirates airlines said Monday it is ordering eight additional A380 double-decker aircraft from Airbus in a deal estimated to be worth about US$2.5 billion (euro1.9 billion).

 

The latest order brings to 55 the number of A380s ordered by the Dubai-based airline.

 

The order was signed by Sheik Ahmed bin Saeed al-Maktoum, chairman of the fast-growing airline.

 

Emirates President Tim Clark told a news conference at the Paris Air Show that the airline estimates the cost of operating the A380 at between 18 percent and 22 percent below those of its current wide-bodied fleet of Boeing 777-300 ER aircraft, in terms of costs per seat mile.

 

Wiring and other technical problems are behind a costly two-year delay in delivery of the A380. The holdup is set to wipe euro4.8 billion (US$6.2 billion) off the profit of Airbus parent EADS over the next four years.

 

The airline is by far the biggest single customer for the A380. It initially ordered 43 A380s and took another four in May. Emirates is believed to have obtained significantly improved financial terms for the these aircraft and the latest batch of eight.

 

Emirates is the largest airline in the Middle East by revenues and number of passengers carried. It has expanded rapidly in recent years. It has 102 aircraft and is undergoing a new fleet expansion review.-AP

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what are they going to do with so much of capacity? 55 A380 and countless of 777....

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Are they thinking of starting a large capacity low cost carrier for the Mid-east? kekeke :rolleyes: Just how many airports are A380 capable, they can't just deploy A380 to anywhere they like :blink:

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Well could be just buy them for compensation purposes, then sold it off. The more number you buy, the more compensation you get. Not to mention countless of super cheap deals of A330s and A340s price tag slash off. :lol:

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Emirates Orders 32 Airbus A380 In $11.5B Deal

 

 

DUBAI (Dow Jones)--Dubai-based Emirates Airline said Tuesday it will order an additional 32 A380 aircraft from European commercial aircraft company Airbus in a deal worth $11.5 billion at list prices, taking its firm orders for the superjumbo to 90.

 

"This latest order, adding to 58 A380s previously ordered, affirms Emirates' strategy to become a world leading carrier and to further establish Dubai as a central gateway to worldwide air travel," said Emirates Airline Chief Executive Sheikh Ahmed bin Saeed Al Maktoum at the Berlin airshow.

 

Airbus is a unit of European Aeronautic Defence & Space Co. NV(EAD.FR).

 

The Dubai-based airline, the largest A380 customer, had ordered 58 A380s so far, and took delivery of its 10th A380 on Friday.

 

Emirates currently operates the A380s on eight international destinations including London Heathrow, Toronto, Paris, Jeddah, Bangkok, Seoul, Sydney and Auckland. The carrier will resume A380 flights to New York from Dubai later in October after suspending the route last June.

 

Emirates, the Middle East's largest carrier, in May posted a fivefold rise in full-year net profit to 3.5 billion United Arab Emirates dirhams ($954 million) and said it expects double-digit growth to continue this year.

 

"Emirates' strategy is obviously working well given their recent results, especially as carriers elsewhere are suffering," said John Strickland, director of U.K.-based JLS Consulting. "It's targeting a wide range of markets and is using the superjumbos to shift as many people as possible."

 

The Emirates deal will be welcomed by Airbus and EADS. Last year, the planemaker only signed contracts for four of the planes, which carry a catalog price of $346 million. Since 2005, the A380 program has been plagued by problems and is still losing money.

 

Last month, Airbus delivered its first A380 to Deutsche Lufthansa AG, the fifth airline to operate the superjumbo after Emirates, Qantas Airways Ltd., Singapore Airlines and Air France.

 

In addition to the A380 orders placed Tuesday, Emirates has 146 aircraft worth $48 billion on order. By 2011, it will operate a fleet of 150 aircraft, including seven additional A380s and one Boeing 777.

 

 

-By Kirsten Bienk and Stefania Bianchi, Dow Jones Newswires; +49 69 29 725 500; kirsten.bienk@dowjones.com

 

http://online.wsj.com/article/BT-CO-20100608-706315.html?mod=WSJ_World_MIDDLEHeadlinesAsia

 

With so many A380, chance for EK A380 to serve KUL is high.

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Safe to assume Dubai's little cash flow issue has now been taken care of and it's back to usual business again ?! :)

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Emirates To Order More Planes At Farnborough

 

June 26, 2010

 

Dubai government-owned flagship carrier Emirates, the largest customer for the Airbus A380 aircraft, will order more planes at Farnborough in July.

 

"Emirates will be announcing new aircraft orders at the Farnborough Airshow. Details of the order including number of aircraft and the manufacturer will be disclosed at the show," a company spokeswoman said .

 

Emirates in June placed a record USD$11 billion order for 32 superjumbos with Airbus, bringing the airline's Airbus orders to 90 aircraft.

 

The Arab world's largest airline by fleet size, posted in May a fivefold increase in 2009-10 profit to AED3.5 billion dirhams (USD$953 million).

 

It also said it was aiming for a full-year net profit of around AED4.25 billion for the group this year. [iD:nLDE64B0FG]

 

Emirates became Dubai's flagship company and one of the biggest contributors to the local economy after the property crisis devastated real estate firms. The government-owned group rivals more established names for traffic between Europe and east Asia.

 

The airline said in May it planned to recruit 3,000 cabin crew in the current financial year to meet the demands of its expanding fleet and network.

 

(Reuters)

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Maybe MH should hire Tim Clark in order to compete with SQ and the likes...

Would be very interesting to learn of Mr Clark's response should such an invitation ever arise :)

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Emirates Sees Fleet Increase Of 100 Planes

 

July 1, 2010

 

Dubai government-owned flagship carrier Emirates will look to increase the size of its fleet by at least 100 planes over the next eight years, company president Tim Clark said on Thursday.

 

The airline, the largest customer for the Airbus A380 aircraft, is set to reveal new plane orders at the July Farnborough Airshow.

 

Clark declined to comment on the expected order.

 

"I am not saying that will be the end of it either, even in Farnborough. As we grow business, we will continue to look at network expansion," Clark said while on a visit to Prague airport for a company media event.

 

He said the airline would have to replace 68 older planes in the next few years.

 

"Today we have 147 aircraft, and that will grow by a minimum of a hundred over the next eight years," he said.

 

Emirates in June placed a record USD$11 billion order for 32 A380 superjumbos with Airbus, bringing its Airbus orders to 90 aircraft.

 

The Arab world's largest airline by fleet size, in May posted a fivefold increase in 2009-10 profit to AED3.5 billion dirhams (USD$953 million).

 

It also said it was aiming for a full-year net profit of around AED4.25 billion for the group this year.

 

Clark said the company was doing better than a year ago.

 

"We are optimistic that we will finish the year ahead of our own budget," he said.

 

(Reuters)

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European airlines determining how to counter growing Emirates

 

July 13, 2010

 

With Emirates expanding rapidly and showing no sign of slowing down, European airlines are looking at how to counter a carrier that has become a formidable threat.

 

Dubai International reported a 13.6% leap in passengers in May to 3.7 million. IATA recently noted that Middle East airlines "continue to post strong growth with connecting traffic through their hubs." It is that traffic in particular that concerns European carriers worried that growing numbers of passengers will choose EK connections through Dubai over flights offered by EU-based airlines.

 

KLM CEO Peter Hartman said he expects EK will face "more and more reluctance [from governments] to grant traffic rights." According to the Centre for Asia Pacific Aviation, Hartman told Dow Jones that governments in Europe and other parts of the world are likely to become increasingly unwilling to accommodate the next phase of the carrier's expansion.

 

CAPA pointed to recent reports that the French government has rejected requests to grant UAE-based airlines more landing slots at Paris Charles de Gaulle. EK, Etihad and Air Arabia were seeking a total of seven new slots, but French authorities reportedly agreed to just one new service.

 

British Airways CEO Willie Walsh recently stated outright that Emirates' expansion represents a threat to long-haul European carriers. "It’s definitely going to have an impact on the business," he said.

 

Lufthansa CEO Wolfgang Mayrhuber told Bloomberg, "It’s a miracle that Emirates already has more intercontinental seats than Air France and British Airways combined. It took us 40 years to get 30 747s in the air in one of the biggest global economies, so one must assume that [EK's aggressive growth strategy] is an investment for [serving] the world."

 

EK last month ordered 32 additional A380s valued at $11.5 billion at list prices, the single biggest order for the aircraft to date and bringing its total orders for the type to 90.

 

Pointing to that order, CAPA commented that the eventual size of Emirates will be "significant enough to make irreversible the airline industry's transformation from a heavily regulated, nationalistic anachronism to something approaching a real business. No longer can traditional competitors hope to stave off this threat to the status quo, as they have been hoping in recent years while the airline expanded threateningly. This order marks a genuine turning point in that process of change. It is so large in fact that competitors' business plans will be reshaped by it."

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Emirates eyes 120 A380s, works with Boeing on 777

 

Oct 12 (Reuters) - Dubai carrier Emirates [EMIRA.UL], the Arab world's largest airline, aims to have 120 Airbus (EAD.PA) A380s when new airport space is available and is working with Boeing (BA.N) on the next generation of 777 jets.

 

Emirates, whose passengers are growing at 20 percent annually and expects to maintain this level for the next five years, will fulfill all its 90 orders so far for the A380 superjumbo, President Tim Clark told Reuters in an interview.

 

"We would like some more but we are going to run short of space," he said. "120 was the baseline figure that the planners worked to get where we needed to be, but we couldn't order that amount because it was too many for here so 90 was a compromise."

 

The carrier will order more when it gets additional space at its home base in Dubai, he added.

 

The target implies a future Emirates order for 30 of the world's largest airliner, worth $10 billion at list prices, at an unspecified date. If the airline went ahead with its growth plans it would have an A380 fleet worth over $40 billion.

 

Emirates, already by far the biggest customer for A380, announced a record $11 billion order for 32 superjumbos at the Berlin Air Show in June.

 

At July's Farnborough Air Show, Emirates also ordered 30 Boeing (BA.N) 777-300ER wide-body planes, a deal worth potentially more than $9 billion. [iD:nWEA0008]

 

Clark said the airline is collaborating with Boeing to find a solution for the manufacturer's wide-body 777 aircraft, but said he could not share more details.

 

"We are working with Boeing on the next generation of 777. We are still very interested in a replacement," he said.

 

Boeing has said it is looking at the future of the aircraft which faces competition from the future Airbus A350-1000.

 

Source: http://www.reuters.com/article/idUSWEA194920101012

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:blink: :blink:

 

I'm speechless...

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Some people think that EK may be booking the delivery slots to prevent other airlines from getting the A380, thus making it a rare plane on other airlines. They may sell off their early A380's once they receive the newer versions - this will give them the chance to update and reconfigure the cabins to what is required by the market. They may also convert these orders to the A380-900 when that is launched.

Edited by flee

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this is what happens when u run an airline free of government interference. i find it funny how the european airlines are now stressed out about emirates' rapid growth. didn't they see this coming when they granted multiple daily slots to EK?

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