Emirates holds out for Airbus assurances on A380’s future
Emirates is holding out for assurances about the future of Airbus’ A380 program before committing to an US$8b order for more of the double-decker aircraft. While Airbus is pushing for a deal at November’s air show in Dubai, concern that the value of used A380s will plummet if the slow-selling model is canceled represents a major sticking point, together with the proposed price, Tim Clark, the airline’s president, said Thursday. “I know they would like us to do something,” Clark said. “At the moment we are not at that state of readiness. We need copper-bottomed undertakings that they would do everything they needed to do to keep the program going. We don’t want to be left with aircraft that have no value.” Airbus announced in July that it will slash A380 production to 8 jets a year in 2019, down from 15 this year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-08/unaligned/emirates-holds-out-for-airbus-assurances-on-a3802019s-future
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Emirates holds out for Airbus assurances on A380’s future
Emirates is holding out for assurances about the future of Airbus’ A380 program before committing to an US$8b order for more of the double-decker aircraft. While Airbus is pushing for a deal at November’s air show in Dubai, concern that the value of used A380s will plummet if the slow-selling model is canceled represents a major sticking point, together with the proposed price, Tim Clark, the airline’s president, said Thursday. “I know they would like us to do something,” Clark said. “At the moment we are not at that state of readiness. We need copper-bottomed undertakings that they would do everything they needed to do to keep the program going. We don’t want to be left with aircraft that have no value.” Airbus announced in July that it will slash A380 production to 8 jets a year in 2019, down from 15 this year. <br/>
