Skip navigation

Current DateTime: 10:14:56 20 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • The Richest Members of the US Congress

      Recently, the Center for Responsive Politics found that there are 237 millionaires in the US Congress.

  • 10 Tips to Get Out of Debt

      Renowned financial author Gail Vaz-Oxlade takes a tough-love approach to helping couples in a financial crisis to face reality.

Emirates mulls more Airbus A380s despite delays
By: The Associated Press | 11 Nov 2009 | 08:44 AM ET
Text Size

DUBAI, United Arab Emirates - Emirates airline, the biggest buyer of the "superjumbo" Airbus A380, said Wednesday it is considering increasing its order for the double-decker plane despite delays on existing orders.

Speaking ahead of next week's Dubai Air Show, Emirates Chairman and Chief Executive Sheik Ahmed bin Saeed Al Maktoum told reporters the Dubai-based carrier is looking to boost its commitment beyond the 58 it has already requested — the most booked by any airline.

"We are considering that, actually," he said when asked about additional orders. "We're actually looking at the market as very positive for the next few years ... We are always one of the first-movers to take advantage of the market."

A fresh commitment from Emirates could be a boon for Airbus, which along with U.S. rival Boeing Co. has faced a slowdown in aircraft orders as the economic downturn convinces carriers to put off purchases and delay expansion plans.

Fast-growing Emirates last week reported a fiscal first-half profit of nearly $205 million, well over double its earnings for the same period a year earlier.

The state-owned airline, the Middle East's largest, ranks among the world's biggest international carriers, both in terms of people carried and miles flown.

It is the world's leading operator of Boeing's twin-engine, wide-body 777 jet.

For the time being, however, Emirates says it is facing delays with some of the A380s it has already requested. Five of the planes have been delivered to Emirates so far.

Sheik Ahmed did not provide an exact timeframe or say how many deliveries have been pushed back, though he acknowledged "there is a bit of delay." He said the changes affected deliveries by a matter of months, not years.

The blame for the late deliveries, he said, rested with Airbus, not Emirates.

"Sometimes we are not happy about it because we want the aircraft to be delivered on time," he said.

In a statement attributed to Emirates President Tim Clark, the carrier said it was due to receive three A380s between November and December, but delivery has been pushed back to December and January instead.

The airline has previously said it plans to receive a total of six A380s between now and the end of March, when its fiscal year ends.

Airbus spokesman Justin Dubon declined to discuss details of Emirates' order schedule, saying that "deliveries are agreed with customers."

Airbus has delivered seven of 13 A380s it plans to complete this year, Dubon said. The plane maker has firm orders for 200 of the wide-body aircraft.

Emirates is one of three carriers that operate the A380, along with Singapore Airlines and Qantas.

Air France plans to become the first European operator of the plane when it begins deploying it on the Paris-New York route later this month.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Technology can make or break a fortune in the world of alternative energy.
  • Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
  • Jim Cramer
  • Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
  • From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
  • real estate signs
  • The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 02:08:00 20 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 08:57:19 20 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:40:46 20 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 12:54:15 20 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters