Emirates strikes $16 billion deal to buy 36 aircraft

Emirates Airlines said Thursday (January 18th) it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos, just days after the European manufacturer said it would have to halt production without new orders, AFP reported.

The company said it had placed firm orders for 20 of the double-decker aircraft with options for a further 16. Deliveries are scheduled to start in 2020.

Emirates is already the world's biggest customer for the A380, with 101 in its fleet and 41 more firm orders previously placed.

"This order will provide stability to the A380 production line," said the airline's chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum.

The Dubai-based airline said that with the new order it will have commitments for a total of 178 A380s worth $60 billion.

Emirates operates a fleet of 269 wide-bodied aircraft and flies to 157 destinations.

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