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Emirates announces USD 16 billion deal to buy 50 Airbus 350

18 November 2019, MVT 15:34
Ahmed bin Saeed Al Maktoum (R), CEO and chairman of the Emirates Group, and Guillaume Faury, Airbus CEO, pose for a picture after the signing of an agreement during the Dubai Airshow on November 18, 2019. - Emirates Airline said it will buy 50 Airbus 350-900 aircraft in a deal worth $16 billion, with delivery to begin from May 2023. (Photo by KARIM SAHIB / AFP)
18 November 2019, MVT 15:34

Emirates Airline said Monday it would buy 50 Airbus 350-900 widebody aircraft in a deal worth USD 16 billion, with delivery to begin in May 2023.

"I am happy to announce we are purchasing 50 Airbus 350 for $16 billion," the carrier's chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum told reporters at the Dubai Airshow.

Emirates serves a global network spanning over 158 destinations in 84 countries. Its fleet stands at 267 large aircraft, including more than 100 Airbus 380 superjumbos.

Its move earlier this year to reduce its total A380 orders triggered Airbus to pull the plug on the costly plane, which airlines have struggled to fill to its capacity of 500-850 people.

At the time, Airbus said it would buy smaller A330 and A350 models instead.

"It is very good news for Airbus," the European aerospace giant's CEO Guillaume Faure said of the announcement in Dubai, adding he was "very proud that Airbus 350 has been selected by Emirates".

Dubai, United Arab Emirates | AFP

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