Dubai’s Emirates orders 36 Airbus A380 aircraft worth $16 billion

1 / 2
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, left, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft, sign the agreement on Thursday in Dubai. (Courtesy Emirates)
2 / 2
Dubai carrier Emirates is the world’s the biggest A380 aircraft operator with 101 in service. (Courtesy Emirates)
Updated 18 January 2018
0

Dubai’s Emirates orders 36 Airbus A380 aircraft worth $16 billion

DUBAI: Airbus A380’s aircraft program on Thursday received a much-needed shot in the arm after Dubai carrier Emirates announced a $16 billion deal for additional 36 of the superjumbos, with 20 firm orders and 16 options.
Emirates, the biggest A380 operator with 101 in service, expects delivery of the newest order from 2020 onwards. With its current order backlog for 41 aircraft, Emirates’ commitment to the A380 program is now at 178 aircraft, worth over $60 billion.
“This deal reflects Emirates’ confidence in shaping the future, and its commitment to advancing Dubai’s vision to grow further as a world-class destination and aviation hub,” Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said in a statement from Emirates.

Airbus sales chief John Leahy said earlier this week the French planemaker would stop its A380 superjumbo program if it fails to strike a long-term supply deal with the Dubai carrier for the world’s largest passenger aircraft.
“If we can’t work out a deal with Emirates, there is no choice but to shut down the program,” Leahy was quoted as saying, considering the UAE airline was “the only one who has the ability” to commit to a minimum of six planes a year for up 10 years to make Airbus’ A380 program viable.
“Some of the new A380s we’ve just ordered will be used as fleet replacements. This order will provide stability to the A380 production line,” Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, said.
“We will continue to work closely with Airbus to further enhance the aircraft and onboard product, so as to offer our passengers the best possible experience. The beauty of this aircraft is that the technology and real estate on board gives us plenty of room to do something different with the interiors.”


‘There is no free lunch’, Macron tells tech giant CEOs

Updated 24 May 2018
0

‘There is no free lunch’, Macron tells tech giant CEOs

PARIS: President Emmanuel Macron told executives from the world’s biggest technology firms on Wednesday that he wanted innovation to be a driving force for the French economy, but also that they needed to contribute more to society.
The French leader paints himself as a champion of France’s plugged-in youth and wants to transform France into a “startup nation” that draws higher investments into technology and artificial intelligence. He is also spearheading efforts in Europe to have digital companies pay more tax at source.
Macron’s guest-list included Facebook Inc. Chief Executive Mark Zuckerberg, IBM’s Virginia Rometty, Intel Corp’s Brian Krzanich, Microsoft Corp’s Satya Nadella and a raft of other big hitters in the corporate world.
“There is no free lunch,” he quipped in English to the executives lined up on the steps of the Elysee Palace for a photo call at a lunch meeting. “So I want from you some commitments.”
As Macron spoke, IBM announced it would hire about 1,400 people in France over the next two years in the fields of blockchain and cloud computing.
Ride-hailing app Uber also said it planned to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment.
Macron will hold one-on-one talks with Mark Zuckerberg on tax and data privacy on the sidelines of the Tech For Good summit — a day after the Facebook chief executive faced questions from European Union lawmakers.
Those talks will be frank, an Elysee official said ahead of the meeting. While Macron will be pitching France Inc, he will also push his case for a European Union tax on digital turnover and a tougher fight against both data piracy and fake news.
Zuckerberg on Tuesday sailed through a grilling from EU lawmakers about the social network’s data policies, apologizing to leaders of the European Parliament for a massive data leak but dodging numerous questions.
Macron told the executives that business needed to do more in tackling issues such as inequality and climate change.
“It is not possible just to have free riding on one side, when you make a good business,” the French president said.