Another 30 Airbus A380s on Tap for Emirates Airlines?

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

A380

courtesy Airbus S.A.
The president of Emirates Airlines said the world’s foremost carrier of international traffic could add another 30 Airbus A380 jumbo jets to its existing order for 90 of the planes built by the European Aeronautic Defense and Space Co. The aircraft is Airbus’s answer to the 747 from Boeing Co. (NYSE: BA), and Emirates is the company’s biggest customer for the plane.

President Tim Clark said in an interview:

Part of the problem is available gate space and airspace capacity over the United Arab Emirates. The Dubai International Airport recently opened the first 4 of 20 new gates that are designated as A380-only, but Emirates is competing with other Middle East rivals for the gate space.

Any addition to Emirates A380 order would certainly be welcomed by Airbus, which trailed Boeing badly in sales and new orders last year. The list price for one A380 is currently around $3.9 billion.

Both Airbus and Boeing faced some quality issues in 2012, with the Airbus A380 experiencing a problem with cracks in its wings and Boeing getting hit with delamination and electrical problems with its new 787 Dreamliner.

Contact [email protected] for any questions or corrections.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Top Gaining Stocks

ABNB Vol: 13,419,217
MCHP Vol: 12,834,857
PLTR Vol: 64,946,115
MRNA Vol: 5,136,170
AXON Vol: 1,240,958

Top Losing Stocks

TTD Vol: 122,685,732
CTRA Vol: 73,319,495
AKAM Vol: 6,739,510
RMD Vol: 3,008,347
ZTS Vol: 10,359,846