Emirates hands A380 jumbo a lifeline with $16bn order
Nantes — Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16bn at list prices, saving the world’s biggest passenger jet from death row and securing its future for at least another decade. The European jet maker said Emirates had placed a provisional order for 20 of the double-decker superjumbos, with an option for 16 more. Deliveries are due to start in 2020. The agreement hands a lifeline to the slow-selling aircraft, in service for just 10 years, and rescues one of Europe’s most visible industrial symbols overseas. "The A380 is good to go," Emirates president Tim Clark said. Airbus shares rose more than 3% after the announcement to touch a record high of €92.56. The deal ends months of tough-fought negotiations. Talks between Airbus and Emirates about a fresh A380 order broke down at the last minute at the Dubai Airshow in November, when the Gulf carrier placed an order for 40 smaller Boeing 787s. Earlier this week, Airbus confirmed a repor...
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