Posted on 06/08/2010 7:09:56 AM PDT by MollyKuehl
Airbus called the unexpected vote of confidence the largest commercial aircraft order by dollar value ever. It came as EADS showed off the capabilities of its embattled A400M military transporter plane and as it faces a dispute with German military bosses over problems with two of its new helicopters. Emirates' EMIRA.UL order would be worth just over $11 billion at a list price of $346.5 million per plane, though airlines typically receive discounts for large orders. It brings the airline's total A380 order to 90 planes. Emirates Chief Executive Sheikh Ahmed Bin Saeed Al Maktoum said he expected all 90 planes to have been delivered by 2017. "Our latest commitment signals Emirates' confidence in growth to come," Al Maktoum said at a press conference. The sheer size and scope of the order stunned Emirates' global competitors. "It is already to many of us a miracle that Emirates now already has more seats on intercontinental routes than Air France and BA together with a relatively small home market," Lufthansa (LHAG.DE) CEO Wolfgang Mayrhuber said in a briefing at the International Air Transport Association's annual meeting. "One must assume that this is not an investment for the UAE, but it is an investment for the world." Emirates became Dubai's flagship company and one of the biggest contributors to the local economy after the property crisis devastated real estate firms. The government-owned group expects to earn $1.16 billion in 2010. The carrier, which started in 1985 with two planes, has grown to rival the likes of Qantas (QAN.AX) and Singapore Airlines (SIAL.SI) for traffic between Europe and east Asia. SIZEABLE ORDER The order made for a splash start to the Berlin show, a biennial event that tends to be overshadowed by larger events and larger orders elsewhere.[...]
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Hmmmm....what about Boeing?
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What happened with the premise and the assurance that Obama will change the relationship we have with Muslim nations? “
He did. The UAE and Obama are colluding to hurt the U.S. economy. Boeing can pound sand, as far as they are concerned.
Can’t see how they will ever need so much capacity.
Half of that 11 Billion would of been real pretty. But Boeing is not complaining much about the backlog of orders they have. The single isle 737 has an amazing backlog of orders. The backlog of 737s if placed nose to tail would stretch for 48 miles.
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Can’t see how they will ever need so much capacity.
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It does seem to be high.
But I would guess Emirates, in addition to routes to London, NYC, etc.,
may also handle plenty of routes to the east, such as to other Muslim
countries like Indonesia, etc.
And Emirates may become a bigger player in the yearly near-mass exodus
from many Arabic countries when the summer heat becomes unbearable.
That would probably require quite a bit of capacity.
Is Dubai the emirate that went broke last year, or the one who almost went broke bailing our their bankrupt neighbor?
Either way, Boeing may well have the last laugh.
***Can’t see how they will ever need so much capacity.***
They are looking at being the hub of a hub and spoke system.
A380s will allow them to move people around the Far East/Australia and onwards to Europe.
As an example both BA and QANTAS make stops (I believe in Singapore) from Oz ->Europe. I suspect Emirates wants to get in on some of that action.
There are a lot of people in Asia.
They appear to have chosen capacity over frequency, while the rest of the world seems to be going with frequency over capacity.
I guess the next few years will tell which strategy works best.
I’m guessing people will prefer frequent flights for flexibility in travel.
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