Emirates airline ordered 70 Airbus jets at a value of $21.5 billion (Dh78.97bn) and reached an agreement with the plane manufacturer to receive 14 more A380s, whose production will stop by 2021.
Emirates ordered 40 A330-900 aircraft and 30 A350-900 jets, the airline said in a statement on Thursday. The latest generation of A330neo and A350 aircraft, will be delivered to Emirates starting from 2021 and 2024, respectively.
The Toulouse plane manufacturer and Emirates reached an agreement on the outstanding A380 deliveries, according to which the airline will receive 14 more double-decker jets from 2019 through to the end of 2021.
These deliveries will take Emirates' total A380 order book to 123 units, a drop from the original 162 figure.
“While we are disappointed to have to give up our order and sad that the programme could not be sustained, we accept that this is the reality of the situation," said Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive of Emirates.
The A380 is a "differentiator" for Emirates and the aircraft "will remain a pillar" of its fleet until the 2030s, he added.
Emirates, which shunned the double-decker at the 2017 Dubai Airshow for Boeing's 787s, salvaged the A380's production in January of last year with an order for 20 more jets as the future of the superjumbo was in question.
Until that point, Airbus had not sold the aircraft dubbed the flying palace in more than two years. Emirates, which invested billions of dollars to establish a transportation hub in Dubai, had demanded that Airbus commit to a production timeline of at least a decade due to a lack of traction from other airlines for the aircraft and the absence of a secondary market for the jet.
But even with Emirate's order, the market dynamics didn't change for the A380, making it the second most iconic aircraft to be retired after the Concorde ceased operating in 2003.
“As a result of this decision we have no substantial A380 backlog, and hence no basis to sustain production, despite all our sales efforts with other airlines in recent years. This leads to the end of A380 deliveries in 2021,” said Airbus chief executive Tom Enders.
__________
The age of the A380 - how to fly the world's largest passenger play
__________
Airbus incurred €463 million (Dh1.191 billion) in charges for scrapping the production of the A380. The first double-decker to go into operation was in 2007 as part of Singapore Airlines’ fleet, and was retired in June 2017. Airbus' shares rallied in morning trading, jumping 5.3 per cent to €109.86 at 10:43am Paris time.
Sheikh Ahmed said Emirates’ order of A330neos and A350s complements the airline's fleet mix, enhances its flexibility and supports the growth of its network. The jets will "play an important role in our future fleet and network plans", he said.
Emirates will operate the A330neos on its regional destinations, helping the airline serve smaller airports and new routes, and also provide the latitude to enhance its global network. The A350s will supplement Emirates’ long-haul operations, providing the airline with added flexibility in terms of capacity deployment on eight to 12-hour routes from its Dubai hub.
________
Cabin tour: inside an Emirates A380
__________
Emirates ordering the A330neos and A350s and reducing its original order of A380, lessens "its exposure to the giant jet and arguably introduces more fleet flexibility", said Saj Ahmad, chief analyst of StrategicAero Research.
"This is critical with its deepening relationship with flydubai in its pursuit to expand and capture efficiencies across its growing fleet. Given that Emirates leases all its A380s, it has shielded itself against a new defunct programme and an asset whose values will only decline as time goes on," he said.
Meanwhile, Etihad Aviation Group said it has restructured its aircraft orders after concluding talks with Airbus and Boeing.
The parent of Etihad Airways said on Thursday it will take delivery of five long-range A350-1000 aircraft and 26 A321neos from the European manufacturer Airbus and receive six 777-9x from the US plane maker Boeing.
Middle East airlines will spend about $600bn on new aircraft in the next 20 years, as the fleet size of the regions’ carriers are projected to more than double to 3,320 aircraft in the period, according to Airbus. The region’s carriers will require around 2,590 new aircraft by 2036.
Passenger traffic to and from the Middle East is forecast to grow 5.9 per cent until 2036, beating the world average of 4.4 per cent, according to Airbus projections. The region is forecast to experience the fastest growth rate in the world behind Africa, which is projected to grow by 5.9 per cent to 400 million passengers by 2036, according to the International Air Transport Association (IATA).
The Facility’s Versatility
Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket
FA CUP FINAL
Chelsea 1
Hazard (22' pen)
Manchester United 0
Man of the match: Eden Hazard (Chelsea)
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Kill%20Bill%20Volume%201
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White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
The%C2%A0specs%20
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
The biog
Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."
Favourite author: Malcom Gladwell
Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
UAE currency: the story behind the money in your pockets
TUESDAY'S ORDER OF PLAY
Centre Court
Starting at 2pm:
Malin Cilic (CRO) v Benoit Paire (FRA) [8]
Not before 4pm:
Dan Evans (GBR) v Fabio Fogini (ITA) [4]
Not before 7pm:
Pablo Carreno Busta (SPA) v Stefanos Tsitsipas (GRE) [2]
Roberto Bautista Agut (SPA) [5] v Jan-Lennard Struff (GER)
Court One
Starting at 2pm
Prajnesh Gunneswaran (IND) v Dennis Novak (AUT)
Joao Sousa (POR) v Filip Krajinovic (SRB)
Not before 5pm:
Rajeev Ram (USA) and Joe Salisbury (GBR) [1] v Marin Cilic v Novak Djokovic (SRB)
Nikoloz Basilashvili v Ricardas Berankis (LTU)
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Alita: Battle Angel
Director: Robert Rodriguez
Stars: Rosa Salazar, Christoph Waltz, Keean Johnson
Four stars
RESULTS
6.30pm Al Maktoum Challenge Round-2 – Group 1 (PA) $49,000 (Dirt) 1,900m
Winner RB Frynchh Dude, Pat Cosgrave (jockey), Helal Al Alawi (trainer)
7.05pm Al Bastakiya Trial – Conditions (TB) $50,000 (D) 1,900m
Winner El Patriota, Vagner Leal, Antonio Cintra
7.40pm Zabeel Turf – Listed (TB) $88,000 (Turf) 2,000m
Winner Ya Hayati, Mickael Barzalona, Charlie Appleby
8.15pm Cape Verdi – Group 2 (TB) $163,000 (T) 1,600m
Winner Althiqa, James Doyle, Charlie Appleby
8.50pm UAE 1000 Guineas – Listed (TB) $125,000 (D) 1,600m
Winner Soft Whisper, Frankie Dettori, Saeed bin Suroor
9.25pm Handicap (TB) $68,000 (T) 1,600m
Winner Bedouin’s Story, Frankie Dettori, Saeed bin Suroor
'Project Power'
Stars: Jamie Foxx, Joseph Gordon-Levitt, Dominique Fishback
Director: Henry Joost and Ariel Schulman
Rating: 3.5/5
MATCH INFO
Quarter-finals
Saturday (all times UAE)
England v Australia, 11.15am
New Zealand v Ireland, 2.15pm
Sunday
Wales v France, 11.15am
Japan v South Africa, 2.15pm
The years Ramadan fell in May
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
COMPANY%20PROFILE
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How%20to%20avoid%20getting%20scammed
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THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
COMPANY%20PROFILE
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Scoreline
Swansea 2
Grimes 20' (pen), Celina, 29'
Man City 3
Silva 69', Nordfeldt 78' (og), Aguero 88'
KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
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Third Test
Day 3, stumps
India 443-7 (d) & 54-5 (27 ov)
Australia 151
India lead by 346 runs with 5 wickets remaining
Book%20Details
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UJDA CHAMAN
Produced: Panorama Studios International
Directed: Abhishek Pathak
Cast: Sunny Singh, Maanvi Gagroo, Grusha Kapoor, Saurabh Shukla
Rating: 3.5 /5 stars
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)
The distance learning plan
Spring break will be from March 8 - 19
Public school pupils will undergo distance learning from March 22 - April 2. School hours will be 8.30am to 1.30pm
Staff will be trained in distance learning programmes from March 15 - 19
Teaching hours will be 8am to 2pm during distance learning
Pupils will return to school for normal lessons from April 5
Other key dates
-
Finals draw: December 2
-
Finals (including semi-finals and third-placed game): June 5–9, 2019
-
Euro 2020 play-off draw: November 22, 2019
-
Euro 2020 play-offs: March 26–31, 2020
More coverage from the Future Forum
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