Dubai-based airline throws A380 project a lifeline and also arranges $1 billion sukuk with HSBC and Citi
UAE carrier Emirates agreed to buy 20 Airbus SE A380 superjumbos worth $9 billion at list prices, sealing a vital order for a programme that the manufacturer said earlier could be terminated following a sales drought.
Dubai-based Emirates signed a memorandum of understanding for the planes and also has options to buy 16 more, the carrier said Jan. 18 in a statement. The aircraft will be delivered from 2020, with engine options still under evaluation.
Already by far the biggest A380 customer, Emirates had repeatedly stalled on the follow-on deal, putting the future of the double-decker in doubt after it failed to win any new orders for two years. If the airline takes all of the planes the purchase will safeguard production through 2029, an Airbus spokesman said.
Bu hikaye Bloomberg Businessweek Middle East dergisinin 1 February, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Bloomberg Businessweek Middle East dergisinin 1 February, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake
