ow after announcing an order for 32 Airbus A380, estimated at some 11 billion dollars.
Airbus, the main division of European aerospace and defense group EADS, said it was the largest contract in dollar ever spent in the history of the area.
This successful legal challenge to U.S. manufacturer Boeing has come compensate the company’s difficulties in other areas so that another division of EADS, Eurocopter, recorded setbacks on some of its helicopter programs.
Based on list prices, purely indicative, the command Emirates can be estimated at 11.09 billion dollars (9.3 billion euros). This calculation is still viewed with caution, companies often reaching to get discounts on large orders.
The transaction brings to 90 the number of A380s ordered by the company. Its managing director, Sheikh Ahmed Bin Saeed Al Maktoum, also hopes that all of the A380 will be delivered by 2017.
“Our latest commitment reflects the confidence in Emirates’ future growth,” he said at a news conference.
In fact, the size of the new order, Emirates has stunned its competitors.
“It’s already a lot of us a miracle Emirates holds more seats on intercontinental routes that Air France-KLM and British Airways together with a relatively small domestic market,” noted Wolfgang Mayrhuber, CEO Lufthansa.
“One must assume that it is not an investment for the UAE but an investment in the world,” he added.
COMMANDS 234 A380
EADS shares gained 0.59% to 16.22 euros on Tuesday at the Paris stock exchange in a market still weighed down by fears about the management of sovereign debt crisis.
Airbus now lists 234 orders for the A380 and its sales manager, John Leahy, who previously expected 20 orders of very large aircraft this year, said a higher figure was now possible.
On order from Emirates giant also added that the Brazilian carrier TAM for 20 single aisle A320s and five long-haul A350-900, a commitment whose total value is estimated at 2.9 billion dollars (2.4 billion euros), also on the list price.
The Berlin exhibition, held once every two years, is often overshadowed by events of greater magnitude but EADS has decided to use it as a promotional springboard for its A400M military transport aircraft in the delay of almost four years.
After months of negotiations – which have called into question the very existence of the program of 31.2 billion euros – an agreement on funding between EADS and client countries was reached in early March.
A German official said, however that country ministers A400M customer did not discuss details of a contract amendment rightly provided under the agreement during a meeting Tuesday.
HARO GERMAN TAX
The first day of the Berlin air show was also marked by the German government’s willingness to establish a new tax on airline ticket prices flights from Germany.
This project could provide up to one billion euros a year into the coffers of the German state, is part of a larger plan to cut spending announced Monday by the government.
The IATA, the International Air Transport Association has blasted the draft German tax.
Airbus, the main division of European aerospace and defense group EADS, said it was the largest contract in dollar ever spent in the history of the area.
This successful legal challenge to U.S. manufacturer Boeing has come compensate the company’s difficulties in other areas so that another division of EADS, Eurocopter, recorded setbacks on some of its helicopter programs.
Based on list prices, purely indicative, the command Emirates can be estimated at 11.09 billion dollars (9.3 billion euros). This calculation is still viewed with caution, companies often reaching to get discounts on large orders.
The transaction brings to 90 the number of A380s ordered by the company. Its managing director, Sheikh Ahmed Bin Saeed Al Maktoum, also hopes that all of the A380 will be delivered by 2017.
“Our latest commitment reflects the confidence in Emirates’ future growth,” he said at a news conference.
In fact, the size of the new order, Emirates has stunned its competitors.
“It’s already a lot of us a miracle Emirates holds more seats on intercontinental routes that Air France-KLM and British Airways together with a relatively small domestic market,” noted Wolfgang Mayrhuber, CEO Lufthansa.
“One must assume that it is not an investment for the UAE but an investment in the world,” he added.
COMMANDS 234 A380
EADS shares gained 0.59% to 16.22 euros on Tuesday at the Paris stock exchange in a market still weighed down by fears about the management of sovereign debt crisis.
Airbus now lists 234 orders for the A380 and its sales manager, John Leahy, who previously expected 20 orders of very large aircraft this year, said a higher figure was now possible.
On order from Emirates giant also added that the Brazilian carrier TAM for 20 single aisle A320s and five long-haul A350-900, a commitment whose total value is estimated at 2.9 billion dollars (2.4 billion euros), also on the list price.
The Berlin exhibition, held once every two years, is often overshadowed by events of greater magnitude but EADS has decided to use it as a promotional springboard for its A400M military transport aircraft in the delay of almost four years.
After months of negotiations – which have called into question the very existence of the program of 31.2 billion euros – an agreement on funding between EADS and client countries was reached in early March.
A German official said, however that country ministers A400M customer did not discuss details of a contract amendment rightly provided under the agreement during a meeting Tuesday.
HARO GERMAN TAX
The first day of the Berlin air show was also marked by the German government’s willingness to establish a new tax on airline ticket prices flights from Germany.
This project could provide up to one billion euros a year into the coffers of the German state, is part of a larger plan to cut spending announced Monday by the government.
The IATA, the International Air Transport Association has blasted the draft German tax.
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