Amongst the numerous announcements being made on the sidelines of the World Government Summit in Dubai, Emirates has inked a contract with Airbus for 20 additional A380 aircraft and 16 options with deliveries set to begin as early as 2020.
Valued at $16bn as per the latest list prices, the agreement follows the initial Memorandum of Understanding (MoU) that was signed by Emirates and Airbus back in January 2018.
The agreement was signed by HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group; and Mikail Houari, President Airbus Africa Middle East.
The signing was held in the presence of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and ruler of Dubai; and Edouard Philippe, Prime Minister of France.
Commenting on the agreement, Sheikh Ahmed said: “This agreement underscores our commitment to the A380 programme, providing stability to the A380 production line and supporting tens of thousands of high-value jobs across the aviation supply chain.
“For Emirates, the A380 has been a successful aircraft for our customers, our operations, and our brand. We look forward to continue working with Airbus to further enhance the aircraft and onboard product.”
Currently, the airline’s A380 fleet stands at a 101 aircraft with a current backlog for additional 41 A380s still to come. The new order will expand the fleet to a total of 178 A380, reportedly worth $60bn.
Fabrice Brégier, Airbus President Commercial Aircraft and Chief Operating Officer, shared: “We thank Emirates, HH Sheikh Ahmed, Tim Clark and Adel Al-Redha for their continued confidence in the A380, which has so successfully transformed air travel in the 21st century.
“This latest agreement further demonstrates the strength of our valued partnership with Emirates in support of their impressive growth.”
In addition to firming up the A380 order, Sheikh Ahmed and French Prime Minister Edouard Philippe also took the opportunity to discuss potentiality of expanding air services between UAE and France.