Airbus Secures $30 Billion in New Orders for Planes

Airbus has secured $30 billion in new orders for planes from airlines based in the United Arab Emirates. This happened at the ongoing Dubai Airshow.

Emirates ordered 50 A350s from Airbus. This is in addition to their fleet that already consists of the Airbus A380 and Boeing 777. Additionally, Airbus received an order for 120 planes in its A320 Neo family from a low-cost carrier, Air Arabia. The order was worth $14 billion.

“Today, we are pleased to sign a firm order for 50 A350 XWBs,” said Ahmed bin Saeed Al Maktoum, Emirates CEO. He added that the new aircraft would give the airline added operational flexibility in terms of capacity, range and deployment.

Earlier in February this year, Emirates had placed an order for 30 A350s and 40 A330Neos. The deal was initially worth $16 billion at list prices.

Emirates is an airline based in Garhoud, Dubai, United Arab Emirates. The airline is a subsidiary of The Emirates Group. The government of Dubai’s Investment Corporation of Dubai owns the airline. It is the largest airline in the Middle East, operating over 3,600 flights per week from its hub at Dubai International Airport. The airline to more than 150 cities in 80 countries across six continents.

Emirates is the world’s fourth-largest airline by scheduled revenue passenger-kilometres flown. It is also the second-largest in terms of freight tonne-kilometres flown.

On the other hand, Airbus is a European multinational aerospace corporation that stood as the world’s second-biggest aerospace and defence company in 2018. It also designs, manufactures and sells civil and military aerospace products worldwide. It also manufactures aircraft in the European Union and various other countries.