Posted on 11/11/2007 2:55:53 AM PST by sukhoi-30mki
Emirates picks Airbus A350 in $35 bln mega-deal
Sun Nov 11, 2007 9:33 AM GMT
DUBAI (Reuters) - Dubai-based airline Emirates (EMAIR.UL: Quote, Profile , Research) chose the Airbus A350 XWB over Boeing Co's (BA.N: Quote, Profile , Research) rival 787 airliner on Sunday, taking 70 of them to cap an order that could be worth almost $35 billion at list prices.
The deal included options to potentially buy an additional 50 A350s as well as an order for 11 A380 superjumbos as Emirate's extended its lead as the largest customer for the world's biggest airliner.
It also bought 12 Boeing long-range 777-300ERs worth $3.2 billion.
The deal allows Airbus to close the gap on Boeing in their annual race in orders and is the biggest boost yet for the A350, a project that has seen fitful design changes over the last two years.
Emirates had signed a tentative deal for 8 of the 11 A380s previously and the Boeings were already on the U.S. company's books as an unnamed customer.
Rolls-Royce (RR.L: Quote, Profile , Research) said it would supply engines for the A350s in a deal that could be worth $8.4 billon if Emirates firms up the options. It includes a long-term maintenance contract.
Sheikh Ahmed bin Saeed Al-Maktoum, Emirates' chairman and chief executive, announced the order at the 10th Dubai Air Show with Airbus CEO Tom Enders and Lee Monson, Boeing Commercial Airplanes' vice president for Middle East and Africa sales.
The Dubai air show which runs until Thursday and is expected to include other big orders for both Airbus and Boeing.
(Reporting by James Cordahi and Jason Neely: Editing by Dayan Candappa)
© Reuters 2007. All Rights Reserved.
Sad part that many US carriers buying airbus.
Then you stay at home - this is no fuss - to watch the take-off of an Airbus.
Best regards from good old Europe ;-)
Atlantic Bridge
If it ain’t Boeing,I ain’t going.Then you stay at home - this is no fuss - to watch the take-off of an Airbus.Best regards from good old Europe ;-)
Gee...I'm trying to think of a single spot on earth that's even slightly worth visiting that one cannot easily reach on a 747,or a 777,or...in a few years...in one of the eight hundred or so 787's that have already been ordered by airlines the world over.
And I can't think of a single one.
America would be better advised to design products that are more able to compete on world markets. Boeing is one of the very few US-companies that is trying to do so with some success. Nevertheless the trade deficit of the US is on a all time high. You Americans earn too little to pay for the amplitude of your consumption.
To us Europeans it is pitiable to watch you Americans being in such a huff just because you lost your long time monopoly in civil aircrafts. You should be happy about this fact because if there would be no competition on this market there could be no innovation either. Without the A 380 the "Dream-liner" of Boeing would have never been designed. Apart of Airbus and Boeing I do not want to be forced to use a technologically outdated aircraft of a monopolist. Such monopolies can not be maintained in a globalized world anyway. I am quite sure that in the next decades the West has to deal with modern and competitive passenger jets from Russia and China.
Excuse me - I forgot to ping you. Read # 4, 5, 6.
:)
No...we Americans earn so much,are so productive,that we manage to buy everything we make here...or sell it overseas...and,in addition,buy about half of what Europe and Asia produces.
BuHuHaHa. I.e. you Americans still buy 8.6% of the German exports, but your share is shrinking while the total German export quote is growing. That means that other markets are getting more and more important to Europe. Besides - 8.6% (although very important of course) are far away from the "half" or whatever.
The thing is that you Americans are not that productive but you tend to live beyond your means.
Since it is in the interest of this little blue planet, that such debts are paid someday, you are well advised to adjust your consumption behavior to your actual possibilities. It is not just the rest of the world that would be affected by global economic crisis, it would be also your very own compatriots.
Your gasoline dollars at work!
For a Persian Gulf state,Dubai has little gas.
For every one person who won’t travel because this Airline has ordered more Airbuses than Boeings,10 will probably sign up to fly-it’s Emirates afterall.
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