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Airbus Secures $30 Billion in New Orders for Planes

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 19 November 2019.

Published on November 19, 2019, Airbus has secured a significant $30 billion in new orders for planes from airlines based in the United Arab Emirates at the ongoing Dubai Airshow.

Emirates, an airline based in Garhoud, Dubai, United Arab Emirates, has ordered 50 A350s from Airbus. This addition to their existing fleet, which includes the Airbus A380 and Boeing 777, is expected to provide the airline with added operational flexibility in terms of capacity, range, and deployment.

“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, initially worth $16 billion at list prices. The new order brings the total number of A350s ordered by Emirates to 80.

Emirates operates over 3,600 flights per week from its hub at Dubai International Airport, serving more than 150 cities in 80 countries across six continents. The airline is the world’s fourth-largest airline by scheduled revenue passenger-kilometres flown and 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.

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