Emirates delivers $4bn blow to Airbus

Emirates airline has confirmed it has cancelled a $4 billion order for 20 Airbus A340-600 aircraft.

    The delivery of 45 A380 aircraft has also been delayed

    A spokesperson for the Emirates airline said in a statement on Tuesday: "Emirates confirms it will not be taking delivery of its order and options for 20 Airbus A340-600 aircraft."

    Emirates officials have previously indicated that they were not happy with the aircraft's efficiency and could cancel further orders.

    The news comes after the airline's latest threat to "exercise all options" on the delay in the delivery of 45 A380 superjumbos, now scheduled to start in August 2008, instead of October 2006, 22 months later than scheduled.

    Emirates is also looking to lease seven Boeing 777s to bridge the gap in demand and capacity.

    Delivery dates

     

    Although Emirates did not give any precise reason as to why it is switching away from Airbus, analysts believe delays in production coupled with the better performance of Boeing's twin-engined 777 series could be the reason.

     

    The Arab airline operates a fleet of 99 aircraft, 48 of which are made by Airbus.

     

    The airliner placed orders for 71 aircraft in 2003 worth $19 billion, including 45 A380s and 26 B777s, followed by another order involving 42 Boeing 777s worth $9.5 billion at list price.

    The airline is sending a team of engineers to Toulouse to review the performance of the superjumbo and the accuracy of the new delivery dates.

     

    The airline is keen to see that Airbus maintains the latest schedule, the spokesperson said.

    SOURCE: Aljazeera + Agencies


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?