Emirates Pares Back Wide-Body Airbus Order Amid Fleet Review

(Bloomberg) — Emirates finalized an order for 50 Airbus SE planes, shrinking a tentative commitment made earlier in the year after the Gulf carrier reviewed its fleet strategy and aired concerns about aircraft performance.Emirates will purchase A350-900 wide-body jets worth $16 billion at list prices, Chairman Sheikh Ahmed Bin Saeed Al Maktoum said Monday at the Dubai Airshow. While that’s up from the 30 it agreed to take in February, the firm deal replaces an outline that also included 40 A330neos valued at $12 billion.In all, the Airbus order shrank by about $5.5 billion, before factoring in customary discounts. Deliveries …read more

Source:: Yahoo Finance

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